Which of the Following Would Strongly Support a Business Strategy

question 31

Multiple Choice

Which of the following would strongly support a business strategy for managing risks uniquely associated with commitments made by employees to suppliers or customers?

• A) Identify a knowledgeable individual to be risk department manager.
• B) Retain legal counsel to act as in-house counsel to the business.
• C) Establish policies and financial limits for commitments to customers.
• D) Deal with each risk and assign responsibility for each action.

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Definitions:

Amortization

The method of slowly deducting the initial value of an asset over time.

Salvage Value

The appreciated remaining value of an asset as it reaches the end of its effective use period.

Extraordinary Repairs

Major repairs that extend the useful life of an asset significantly beyond its original forecast and are not incurred regularly.

Leasehold Improvements

Alterations or enhancements made to rental premises by a lessee in order to customize the space for their specific use.