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- It can require or provide both qualitative and quantitative data to decision makers for use in risk management. What is it?How to financially manage and supervise the warehouse project to be built?Can a country like the United States, which has more of its population incarcerated than any other nation, can society feel comfortable and safe incarcerating fewer people and instead using EBP to cater to the needs of specific inmates? Can society take that risk?
- Suppose that you are managing a fleet, where you have your own ships. Your task is to make a managerial decision while the freight rates are at a all time low, given full responsibility on buying, selling and chartering decisions. What would be your course of action regarding shipbuilding, second hand buying and selling, chartering both in and out, and scrappinggiven that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?Under which perspective of the balanced scorecard would classify cash flows?
- Analyze the moral dilemma presented below using the line drawing technique. Clearly identify the positive paradigm, negative paradigm and the placement of the problem under consideration. I applied for two jobs, and was offered both. On the surface, I did not think of the two companies as competitors. During my first week at the job I accepted, I was called to a special meeting on what to do about one of our other products, which is not directly related to my new job. While this product, being a "first," had originally held the majority of market share, it has recently suffered from lack of innovation. Another company, coincidentally the other company offering me a job, has come along and improved a key feature of the product. The source of the technical improvement is unknown to everyone in the room except me. Because I had been offered the job of taking over development of this product line at the competing company, I know the source of the improvement. It is strange hearing people…Can the ends justify the means.Explain the economics of risk management? Why it is critical to understand this concept?
- what are the benefits to a company (and not employees) of the sharing economy? Provide examples and analyze the ethical issues for such a business.Distinguish between making decisions under conditions of certainty, risk, and uncertainty.In order to implement an effective risk management strategy, what fundamental principles must be adhered to?