UNDERSTANDING BUSINESS
12th Edition
ISBN: 9781264161881
Author: Nickels
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter C, Problem 5DCS
Write a two-page essay on the risks of a terrorist attack, a natural disaster, climate change, or a major health disaster. Which risk do you perceive as most likely? Most dangerous? Discuss what you could do to warn others of such risks and motivate them to do something about them.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What is risk management? What are the three factors is risk mitigation balanced with? Explain.
In this paper, we will delve into the most pressing risks and discuss how to best mitigate them. When developing a company's long-term plan, what part does risk management play?
In this paper, we will delve into the most pressing issues related to risk management and discuss them at length. While developing a company's long-term plan, what part does risk management play?
Chapter C Solutions
UNDERSTANDING BUSINESS
Ch. C.1 - Prob. C.1AQCh. C.2 - Prob. C.2AQCh. C.2 - Why are companies more aware now of the need to...Ch. C.2 - Prob. 2TPCh. C.2 - What are the four major options for handling risk?Ch. C.2 - Prob. 4TPCh. C.3 - Prob. 5TPCh. C.3 - What is the rule of indemnity?Ch. C.4 - Prob. C.4AQCh. C.4 - Prob. 7TP
Ch. C.4 - Prob. 8TPCh. C - If you are interested in pursuing a career in risk...Ch. C - Prob. 2CECh. C - Prob. 3CECh. C - 1. Are you self-insuring your residence and your...Ch. C - Prob. 2CTCh. C - Prob. 3CTCh. C - Prob. 4CTCh. C - 1. List the ways you could reduce risk in your...Ch. C - Prob. 2DCSCh. C - 3. Much of risk management consists of reducing...Ch. C - Prob. 4DCSCh. C - Write a two-page essay on the risks of a terrorist...Ch. C - Prob. 1PPTCh. C - Prob. 2PPTCh. C - Prob. 3PPTCh. C - Prob. 4PPT
Additional Business Textbook Solutions
Find more solutions based on key concepts
10-10 What challenges do managers face in managing global teams? How should those challenges be handled?
Fundamentals of Management (10th Edition)
Describe and evaluate what Pfizer is doing with its PfizerWorks.
Management (14th Edition)
Describe and evaluate what Pfizer is doing with its PfizerWorks.
Management, 13Th Edition
Define a project. What are five characteristics that help differentiate projects from other functions carried o...
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
The Warm and Toasty Heating Oil Company used to deliver heating oil by sending trucks that printed out a ticket...
Essentials of MIS (12th Edition)
What are the challenges and opportunities that diversity provides to companies?
Principles of Management
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Discuss risk management's most pressing issues. When formulating a company's long-term goals, how critical is risk management to the process?arrow_forwardIn this section, we will discuss in depth the most essential areas of concern about risk management. To what extent does the management of risks factor into the development of a company's long-term strategy?arrow_forwardWhy is it important to know the different types of risk when operating or running a business?arrow_forward
- what is personal risk management ? what is risk management ?arrow_forwardUnderstanding the five main methods for mitigating risk is essential.arrow_forwardYou are a security professional that does consulting work for small-sized and medium-sized businesses. You have been approached by a family-owned ice cream shop and asked to perform a risk assessment on its business. The company makes several flavors of homemade ice cream using secret recipes. The recipes are kept on the owner’s laptop. A new ice cream shop is opening down the street, and the company’s owner is concerned about losing business to the new shop. As a consultant, how can you identify the assets, threats, and vulnerabilities for this business?arrow_forward
- Risk management is used primarily to identify the steps we can take to avoid the loss or lessen the impact of threats such as hurricanes, floods, tornadoes, and terrorism. But what about pandemics?What do risk leaders in business and government need to bear in mind as they respond to the current COVID-19 crisis – and prepare for a future that may very likely include additional waves ofinfection?To effectively evaluate risk in a pandemic, leaders need to focus on the right metrics and consider all dimensions of risk: severity, likelihood, and velocity. How quickly might the effects manifest themselves inside your organization, supply chain, and balance sheet? As we navigate through the COVID-19 crisis, there are lessons we can apply from previous pandemics, and actions we can take today to set the stage for a more resilient future Q..Based on the above abstract, discuss two basic risk classifications that would beapplicable to the above. Provide practical examples where applicable.arrow_forwardRisk management is used primarily to identify the steps we can take to avoid the loss or lessen the impact of threats such as hurricanes, floods, tornadoes, and terrorism. But what about pandemics?What do risk leaders in business and government need to bear in mind as they respond to the current COVID-19 crisis – and prepare for a future that may very likely include additional waves ofinfection? To effectively evaluate risk in a pandemic, leaders need to focus on the right metrics and consider all dimensions of risk: severity, likelihood, and velocity. How quickly might the effects manifest themselves inside your organization, supply chain, and balance sheet? As we navigate through the COVID-19 crisis, there are lessons we can apply from previous pandemics, and actions we can take today to set the stage for a more resilient future With reference to the above abstract, discuss the ‘total cost of risk’ fororganizations. Three risk management objectives need to be considered.arrow_forwardDescribe the most important problems in risk management. How crucial is risk management to the process of creating a company's long-term goals?arrow_forward
- Think about the company that you currently work for, or one that you have worked for in the past, and give an example of how the company's culture, structures, and processes have impacted how well the company manages risks. What are some ways that the cultures, structures, and processes could have been used to improve the company's risk management process?arrow_forwardPrinciples of Risk Communication by Lundgren et. al (2018), discuss how the lay public perceives risk and how this differs from environmental health professionals. Identify at least one major tenet of risk communication and discuss why it is important to incorporate when communicating risk to the public. One peer reply due by the date listed in the course schedule.arrow_forwardWhat sacrifices must a business make to reduce risk?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill Education
Management (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSON
Business Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSON
Fundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY