US Coal Companies Are Under a Higher Level of Scrutiny

question 17

Essay

U.S. coal companies are under a higher level of scrutiny because of injuries and deaths associated with mine operations in recent years. Coal companies encounter major process risks associated the extraction of coal from the ground. For each of the risks listed, identify controls for each process risk and possible performance measures that might signal control effectiveness or the level of residual risk.

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Definitions:

Yen

The official currency of Japan, known internationally by its symbol ¥.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium is not achievable or not achieved in a market.

Subsidy

A financial contribution granted by the government or a public body to support businesses or consumers, making goods or services more affordable.

Manure

Organic matter, mainly derived from animal feces, used as fertilizer in agriculture.