Once you have identified one or more threats to independence, what should you do next under the Conceptual Framework forIndependence?Eliminate the threat(s) to independenceDocument your assessmentApply safeguards to reduce threatsDetermine whether the threat(s) to independence are at an acceptable level.

The expectations gap refers to the difference between what the public or stakeholders expect from…

Answered: Once you have identified one or more…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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how can change management plans reduces the organization’s risk from known threats?
what strategies could be employed to ensure that the program's achievements and impacts are accurately communicated to decision-makers and funders, thereby securing continued support and resources?
Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative - What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You are the owner of a small craft store. When doing the scheduling, you put Judi on the Friday shift. On Tuesday, Judi comes to you and says that she cannot work. You remind Judi that she needs to tell you the days she is unavailable at least one week in advance. You insist that she work on Friday. At 7:00 a.m. on Friday, Judi calls in sick. You must take Judi's shift-giving up your only day off. When making deliveries for the store, you see Judi eating lunch on Friday in a local restaurant.
For each of the following risks, A. state the appropriate method you would use to respond to the risk. The three methods to choose from are: Avoid the risk or Mitigate the risk or Accept the risk. Do not repeat your choice. Each choice only applies to one risk.B. Motivate your selection; C. Provide one example of the action you take to try to resolve it
How can organizations use scenario planning to prepare for uncertainty and potential future challenges? What are the potential benefits and drawbacks of this approach?
Scenario 1Use the five-step decision-making process to analyse the following situation and recommend acourse of action: You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?
Sub- Management What role does scenario planning play in helping organizations anticipate and respond to uncertain futures?
How can organizations use scenario planning to prepare for potential future events and challenges? What are some best practices for conducting scenario planning exercises?
Outline a background of the case below. (Please note that this is not an essay question.) In June 2011, Steve Katsaros, founder and CEO of Nokero, was contemplating how to build on his company's accomplishments during the last 12 months. Nokero, a marketer of solar bulbs, has emerged as a successful born-global social enterprise. Opportunities in the Social Enterprise Sector As previously mentioned, Nokero, has been engaged in partnership programs with various social enterprises, such as Project CURE and American Green. Social enterprises have actively sought out Nokero for possible partnerships.
What are some threats?
What is the difference between making decisions to respond to an opportunity and the decision to respond to threats?
Based on the framework of the Committee of Sponsoring Organizations of the Treadway Commission or COSO, evaluate one of the situations that appear in the document below: Case 1: Control Environment and Control Activities: The Importance of Hiring Trustworthy Employees Joe and Mary Gray started their multimillion-dollar home electronics and car audio store chain in Texas in the late 1970s. By mid-1983, their company had grown to 10 stores in 3 states with 500 employees and gross sales of $30 million. The decline of the oil industry in the mid 1980s led to the company losing almost half of their employees. Additionally, as people moved to more economically viable states, employee turnover continued to increase. During this time, the Grays needed to fill a recently vacated Controller position in their main office. The position was crucial and required a person who was highly motivated and knowledgeable of operations. After interviewing several candidates, they decided to give Jeff Smith…

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