You are the Risk Manager of Gun Company. Describe Gun Company's Risk Appetite and Risk Tolerance .
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- You are the Risk Manager of Gun Company. Describe Gun Company's Risk Appetite and Risk Tolerance. Note: Your answer should also explain the difference between the two.
- Gun Company owns Intellectual Property, some obvious and some not. Describe and explain the types of IP your company is likely to own or should own.
- Describe your fleet risk. Please be sure to include all drivers, vehicles, environments, and other risks associated recognized by your Auto insurance carrier.
- Given today's climate, identify one External Strategic Risk that you're keeping your eye on. Why does it concern you?
- Your boss just called you into their office. She read an article about Legal and Regulatory Risks, and she wants clarification of these risks and wonders how they relate to your company. What do you tell her? Describe those risks your company faces.
- Your General Counsel just called you into his office to make you aware of a multi-vehicle accident involving one of your fleet vehicles. There's at least one fatality, and possibly more. He wants to know what to do. Also, he's curious about the claims processand how long it'll likely take to resolve. Additionally, if your driver is found to be at fault, what damages might the victims be entitled to? Describe in detail how damages are calculated, and be sure to include direct and indirect costs.
- Your boss is interested in finding a new insurance broker and several insurance carriers. She thinks she can save money by doing so. You're against it, and you explain why. What might be some reasons? List at least five.
- You've been thinking long and hard about your company and what it may look like in five years. You've identified one potential risk that could impact your company's ability to stay solvent. What is it, and what do you think is a way your company can pivot to not just stay open for business but to grow larger than you currently are?
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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