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denis-greek [22]
2 years ago
12

Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera

ld looks at liabilities and Norma looks at expenditures. Both Gerald and Norma make reports for Ruben, who makes the decisions for the company.
Which best describes the jobs of the three employees?



A) Ruben is the Risk Management Specialist, Gerald is the Budget Analyst, and Norma is the Treasurer.


B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.


C) Ruben is the Treasurer and Gerald and Norma are the Risk Management Specialists.


D) Ruben is the Treasurer and Gerald and Norma are the Budget Analysts.
Business
2 answers:
sweet [91]2 years ago
8 0

Answer:

B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.

Explanation:

Risk management is the study of potential risks (liabilities) and working to make sure risks are avoided or consequences are minimized. Gerald looks at liabilities and is the  Risk Management Specialist.

Norma looks at expenditures- she analyzes the budget to see where the company is spending money and how much they are spending so she is the Budget Analyst.

Ruben is the treasurer. A treasurer is the person appointed to oversee financial assets and liabilities, and make decisions. Ruben looks over the reports from both Gerald and Norma in order to understand the full picture of the company's finances, and then uses this info to make decisions.

adell [148]2 years ago
4 0

Answer:

B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.

Explanation:

The treasurer is the one that is in charge of making the financial decisions for the company or the institution, the risk management specialist is the one that is in charge of analizing the liabilities of the company and seeing risks and different ways in which the company is in danger, and Norma is the budget analyst who is in charge of looking at expenditures and profits in order to maximize the profit.

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According to the Security Risk Management: Building an Information Security Risk Management Program From the Ground Up textbook,
Minchanka [31]

Answer with Explanation:

<u>Risk which can’t be mitigated</u>: The risks that the share price would fall due to sudden political environment instability or events that effects the economy will definitely affect the business operations as well. Thus are the risks that can not be mitigated at all. Another example would be Corona virus implications on the operation of the company which is again a risk that can't be mitigated.

<u>Risks, that aren’t worth the effort to reduce the exposure any further: </u>

The part of the sentence talks about the risk exposure which says that if the company doesn't resides in an area which is not prone to seismic activity and the chances of earthquake in a country is below 0.000001% which is almost negligible but still it is worthless to purchase the earthquake insurance. As this risk is almost negligible hence it is not worth the effort to reduce the exposure any further.

<u>Risks that wouldn't be addressed in short term due to other priorities: </u>

The risks that will not occur in the next 12 month, can be addressed after 6 months and thus allowing the company to prioritize the risks that must be resolved first. This means that if their is a risk that one of our several products that would be launched after 12 months from now will not be winning customer market can be addressed after 6 months because it is dependent on our future action. If we don't launch our product, our product is not rejected by the customer. Hence situations like this allows us to prioritize our risks.

5 0
2 years ago
Your income is $75,000 per year. You cannot set up a ROTH IRA if you earn more than $95,000 per year. If your salary increases b
Alja [10]

Answer:

only one more year

Explanation:

Your income for the current year (year₀) = $75,000

Next year's income (year₁) = $75,000 x 1.2 = $90,000

Year 3's income (year₂)= $90,000 x 1.2 = $108,000

You will only be able to contribute to a ROTH account during the next year (year₁), since your income for year₂ will be higher than $95,000.

6 0
2 years ago
Benefits plans that combine sick leave, vacation time, and holidays into a total number of days employees may take off with pay
Maurinko [17]

Option D

Benefits plans that combine sick leave, vacation time, and holidays into a total number of days employees may take off with pay are called Paid time off plans

<h3><u>Explanation:</u></h3>

Paid Time Off (PTO) plans are a dilemma to regular paid leave systems that combine versatile kinds of leave (paid vacation, sick, and personal days) into an individual plan.  A PTO plan offers your company extra engaging to proposed workers by expanding the number of days they can drive off from work and however accept paid if they are usually in normal health.

Since most workers will never use whole their sick days, they can earn the contrast as additional vacation time. There is no charge to the company and workers are more satisfied.

4 0
2 years ago
"An individual is unique and does not speak for or represent anything other than themselves." This statement is an argument agai
sammy [17]

Answer:

C: stereotypes

Explanation:

4 0
2 years ago
Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh
almond37 [142]

Answer: Option D

Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period

In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.

5 0
2 years ago
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