Although firms cannot stop external events from happening, they can control their preparations for them, and any

Fantastic news! We've Found the answer you've been seeking!

Question:

Although firms cannot stop external events from happening, they can control their preparations for them, and any losses by mitigating actions during such external events. Using relevant theory and examples comment on this statement

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Aug 02, 2023 01:11 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
List three common situations that suggest that relations be denormalized before database implementation.
Hewlett-Packard and Apple, Inc., two very successful technology firms, show no investment in their own shares (treasury stock) on their 2008 balance sheets. Bear Stearns, on the other hand, was...
Zelnor, Inc., is an all-equity firm with 130 million shares outstanding currently trading for $15.52 per share. Suppose Zelnor decides to grant a total of 13 million new shares to employees as part...
Dr. Walter Sullivan was one of several plastic surgeons in Las Vegas visited by Julie Jones. Jones, an exotic dancer, sought plastic surgery to improve her ability to make money in her profession....
Moontrust Bank has asked the president of Wishware Products, Inc., for a budgeted income statement and budgeted balance sheet for the quarter ended June 30. These pro forma financial statements are...
Nicole wants to show the management in her organization real-time data about attacks from around the world via multiple service providers in a visual way. What type of threat intelligence tool is...
The evening manager of a restaurant was very concerned about the length of time some customers were waiting in line to be seated. She also had some concern about the seating times that is, the length...
3. Name the following compounds according to IUPAC rules: a) H H-C-H H H-C-C-C -H H- H b) H H-C-H H-C-C=C -C-H c) H H-C-H %3D H-C-C-C=C -H d) CH-CH2 H2C CH-CI CH2-CH, HICIH I-U-I
Give an example of a self-fulfilling prophecy that you had. Be specific!
For a business plan of a bakery: Make the operational marketing to introduce the marketing mix 4Ps: In Promotion we have to state the 4 elements -advertisement -sales promotion -public relationship...
Divide students into groups of 4-5 and ask them to generate as many thoughts and ideas they have about the following groups of people: Afro-Caribbean, Indigenous, Irish, Italian, Jewish, and Latino....
Would it be better for students to work for a year before starting a degree?
For a business of your choice, explain how it used IMC tools to deliver a successful IMC campaign. In your answer explain which tools they used and how did it help them achieve their objective.
The results of inspection of samples of a product taken over the past 10 days are given below. Sample size for each day has been 140. Day 1 2 3 4 5 6 7 8 9 10 Defectives 6 4 6 4 3 7 6 8 7 5 Determine...
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
The Public Service Commission of State X issued a regulation completely banning all advertising that promotes the use of electricity by any electric utility company in State X. The commission issued...
Identify the ways by which involuntary and voluntary dissolution may occur.
Discuss the contract liability of a partnership and the partners.
Four moles of nitrogen and one mole of oxygen at $P=1 \mathrm{~atm}$ and $T=300 \mathrm{~K}$ are mixed together to form air at the same pressure and temperature. Calculate the entropy of mixing...
A mole of argon and a mole of helium are contained in vessels of equal volume. If argon is at $300 \mathrm{~K}$, what should the temperature of helium be so that the two have the same entropy?
If the two gases considered in the mixing process of Section 1.5 were initially at different temperatures, say $T_{1}$ and $T_{2}$, what would the entropy of mixing be in that case? Would the...

Although firms cannot stop external events from happening, they can control their preparations for them, and any

Question:

Expert Answer:

The statement highlights the importance of risk management and preparedness for external events that can impact a firms operations While firms cannot control external events such as economic downturns ... View the full answer

Smith and Roberson Business Law

Students also viewed these general management questions