Your organization has recently developed criteria for a risk management program. One goal of the program is
Question:
Your organization has recently developed criteria for a risk management program. One goal of the program is to determine the adequacy and effectiveness of the company IT insurance coverage. Describe how an effective risk management program can enable a more cost-effective use of IT insurance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
An effective risk management program plays a crucial role in optimizing the costeffectiveness of IT insurance by providing a structured approach to identify assess and mitigate risks Heres how an effe...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Computer science questions
-
Read the following production planning paper and summarize it: Introduction A good production plan is the foundation of success in any production firm. Production planning is a rather complicated...
-
You have completed your first meeting with Harper and Riley Evans. You are confident that you now have most of the information you will need to prepare a comprehensive financial plan for them. Beyond...
-
In this assignment, you will demonstrate your mastery of the following course outcomes: Assess the effectiveness of data warehouses and database management systems in supporting specific business...
-
Express the traction boundary condition (12.3.8) in terms of displacement and temperature for the plane stress problem. Equation 12.3.8 T = Oxnx + xyny = (Tr), T" = Txynx + ayny
-
Identify some key financial ratios that would be important in evaluating a banks strategy.
-
Which incentives do managers have to act in the stockholder's interest? Name two and explain each in one or two sentences.
-
One critical-thinking skill is a heightened awareness of the danger of reaching a conclusion prior to acquiring missing information that were it known would have a reasonable probability of altering...
-
Assume the facts in E13-5 except that Matt Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without...
-
8. The electronic health record shows an order for 120 mL of 25 % formula to be administered in the nasogastric feeding tube every 2 hours between 0700 and 1900 each day. The 30 mL can of...
-
NIST is one of the several professional standards that provide guidance to auditors and managers involved in the risk assessment process. How does NIST guidelines have assisted federal agencies and...
-
Summarize the professional standards mentioned in the chapter that provide guidance to auditors and managers when conducting risk assessments.
-
Becker Products Company produces three products from a joint source. A single raw material is introduced into Process I from which products A, B, and C emerge. Product A is considered to be a...
-
What is the develop and evaluation and monitoring strategy to help measure the succes of the proposed digital strategy which is expanding to global markets like australia and to sell more products?
-
What is Foreign Direct Investment (FDI): Disney, a US-based company, is investing in India, which is considered a foreign direct investment. FDI is a critical driver of economic growth for developing...
-
The school of thought that views trade as the interplay between power, security and technology as forces that promote national strength is called: a. Institutionalism. b. Constitutionalism. c....
-
What was the justification (reason) given for why a shirt made for Walmart was being produced in a factory that was placed?
-
Virtual Teams: Comparison of the advantages and disadvantages of virtual teams with face-to-face teams/interaction. Discussion of FIVE challenges that virtual teams face and suggestions about how...
-
Find the source activity of a 9.41-Ci sample of carbon 11 95.4 min after certification. Its half-life is 20.4 min.
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
Calculate the time necessary to perform a multiply using the approach given in Figure 3.7 if an integer is 8 bits wide and an adder takes 4 time units. Figure 3.7 Mplier31 Mcand Mplier30 Mcand...
-
As discussed in the text, one possible performance enhancement is to do a shift and add instead of an actual multiplication. Since 9 6, for example, can be written (2 2 2 + 1) 6, we can calculate...
-
Using a table similar to that shown in Figure 3.10, calculate 74 divided by 21 using the hardware described in Figure 3.8. You should show the contents of each register on each step. Assume both...
-
The slider P can be moved inward by means of the string S, while the slotted arm rotates about point O. The angular position of the arm is given by 0 = 0.78t - 0.030t, where is in radians and t is in...
-
2. The stresses shown in the Figure act at a point on the free surface of a machine component. a) Determine the normal stresses x and oy and the shear stress ty at the point. b) Determine the...
-
2. An automobile that has a 2-liter Inline 4-cylinder SI engine operates on a four-stroke cycle and is being tested at 2800 rpm. The compression ratio of the engine is = 8.5, the length of the...
Study smarter with the SolutionInn App