BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Management and Organization Plan
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Contingency Plan
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Operations Plan
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Financial Plan
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Detailed explanation-1: -Risk analysis is the process of identifying and analyzing potential future events that may adversely impact a company. A company performs risk analysis to better understand what may occur, the financial implications of that event occurring, and what steps it can take to mitigate or eliminate that risk.
Detailed explanation-2: -Selling off assets or liquidating products helps mitigate risk, and a strong balance sheet can also lead to the potential for investment in your business which can come in many forms. Selling shares or an equity stake can give your business a cash infusion it needs while mitigating financial risk at the same time.
Detailed explanation-3: -This is included in the category of financial risk. There are at least 4 risks included in it, namely income risk, expenditure risk, asset or investment risk, and credit risk.
Detailed explanation-4: -Some other commonly used risk mitigation tools are: A probability and impact matrix. A SWOT (strengths, weaknesses, opportunities, threats) analysis. A root cause analysis.
Detailed explanation-5: -Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk and Mitigation Plan (RMP) defines how risks associated with the Residue2Heat project will be identified, analysed, and managed.