When should the CAE report to the management if the preliminary risk assessment finds control weakness? 1. promptly 2. Through meetings and reports after the end of the fieldwork
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When should the CAE report to the management if the preliminary risk assessment finds control weakness?
1. promptly
2. Through meetings and reports after the end of the fieldwork
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Under the topic of( Stage 3 Risk Assessment Process ) Answer these questions: (A) -Risk identification -Risk register -Profit and loss account -Balance sheet -Industry betas These are inputs for risk assessment process, briefly explain any 3 of them (explanation should not be more than 5-6 lines ) (B)What is CAPM analysis and for what purposes it is used in risk assessment process? (explanation should not be more than 5-6 lines)
- With an aid of a diagram, show the relationship between risk assessment and risk management.create a risk assessment matrix including a reponse plan for each risk identified.I need help completing the chart below Part A: Risk Management Tools Based on your learning this week, complete the table below by identifying 3 to 5 risk management tools used to make management decisions. Be sure to describe each tool and how it’s use can help with decision making. Risk Management Tool Describe how the tool is used. Part B: Risk Management Decisions Review the following scenarios. Scenario 1 A patient arrives at the emergency department and is admitted for increased pain with the source unknown. The on-call physician asks the intake staff, “What is the source of payment for the patient?” in order to assist with his decision to see the patient or not. The physician then declines to see the patient based on the insurance status. Scenario 2 A patient is admitted to the medical floor in a health care facility. She is confused and won’t stay in her bed. The patient is placed in a room at the end of the hall away from the…
- What does the term "risk management" mean? Discuss the risk management process using the diagram.CASE STUDY You have been the purchasing director for the tribe for three years and have established good relations with most of your suppliers. You are particularly pleased with the computer company you selected as the new personal computers the Tribe purchased last year. The price you paid was 10 percent less than any other bid. Now the sales representative for the computer company has approached you about bidding on the new mainframe computer the Tribe plans to lease. She has suggested that you and your wife fly to California for a special demonstration of the equipment. She has also said that the company might be able to sweeten the bid by including a software package with the deal. You know the funds for this particular software, which would be especially helpful to the purchasing department, are not available. None of the other vendor has offered a free trip to demonstrate their equipment. ETHICAL QUESTIONS 1.Should you allow the company to pay for you and your wife to go to…CASE SUMMARY: Retailers commonly track customer's shopping patterns and target them with special offers. For example, PTS an Extra care card that, when swiped at checkout applies discounts to purchases and provides rebates called Extra Bucks to be used as cash on future purchases. Behind the scenes, PTS has gathers data on customer’s purchases and using aggregated data to target individuals with special offers. Customers who have not recently shopped may may receive a discount in the mail or an online offer to incentive them to return. Frequent shoppers can scan their Extracare cards to get discounts and offers in the store. Questions Is it right for marketers to track consumer purchases? (Explain.) Should consumers be concerned with what information is being used? What are other examples of marketers using data collection to sell products? Is it ethical?
- Zulily Case Study Quesiton 1-15 At the April 2015 stock price of $14.59, the market values Zulily at $1.86B. This is a big drop from February 2014 high of $68.39 a share price. Describe Zulily's principle assets. Does a $1.86B valuation sem appropriate, given your description of the company's assetts? Please justify your answer.Risk management definition? Discuss risk management using the diagram.⦁ Outline hierarchy of control measures, giving an example of each why this measure would be chosen above other for different risk controls.