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Stand a broom upright on the end of its pole and let it topple to the floor. Repeat, but with the bristles end on the floor. The faster fall will be the broom standing on its
Risk Assessment
The process of identifying, evaluating, and estimating the levels of risk involved in a situation, followed by the coordination and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events.
Idle Cash
Cash that is not currently employed in any investment or operation, therefore not earning any return or interest.
Cash Equivalents
Short-term, highly liquid investments that are easily convertible to known amounts of cash with original maturities of three months or less.
Physical Controls
Measures and procedures implemented to safeguard assets, manage risk, and ensure the integrity of financial information, including locks, safes, and access control systems.
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