Exercise P$-6$

EXERCISE P$-6$ Enterprise Risk Management

The next table refers to seven industries.

Required:

For each industry, provide an example of a business risk faced by companies that compete within that industry. Then, describe an example of a control that could be used to reduce the business risk that you have identifled.

Page $23$

Industry

Exumple of Business Risk

Example of Control to Reduce the Business Risk

Airlines $($e$.$g$.,$ Delta Airlines$)$

Pharmaceutical drugs $($e$.$g$.,$ Merck$)$

Package delivery $($e$.$g$.,$ United Parcel Service$)$

Banking $($e$.$g$.,$ Bank of America$)$

Oil & gas $($e$.$g$.,$ ExxonMobil$)$

E$-$commerce $($e$.$g$.,$ eBay$)$

Automotive $($e$.$g$.,$ Toyota$)$

EXERCISE P$-7$ Ethics in Business