A key control concern is that certain people within an ...

[RYAN BANYAN]

A key control concern is that certain people within an organization have easy access to applications programs and data files. The people are:
 a. data librarians
  b. systems programmers
  c. systems development
  d. data center managers

Question 2

Bea Rich is enthusiastic about starting her catering business. She feels confident that she has a great concept and can handle the day-to-day details of running a business. However, this is her first attempt at running her own business.
 
  Advise Bea on the risks associated with starting a business.
  What will be an ideal response?

[AaaA]

Answer to Question 1

B

Answer to Question 2

All businesses are exposed to risk. A risk is anything that exposes a business to a potential injury or loss. For example, Bea could serve clients meals that could cause severe allergic reactions. She could purchase and serve food that had hazardous bacteria, such as salmonella. However, people start a business because the potential rewards outweigh the potential risks.

Risks can be classified into the following four categories: general strategic risks, operating risks, financial risks, and information risks. A good business plan will take into account strategies for covering these risks. General strategic risks for Bea's business would include the quality of food and allergies of customers. Operating risks would include breakdown of equipment, availability of quality ingredients, and transportation problems. Financial risks include the ability to pay off debt and having enough cash to pay bills. Information risks include keeping proper business records and keeping track of bills.

Business owners manage risk through the process of control, in which risks are determined and methods are adopted to minimize those risks.

[RYAN BANYAN]

Correct answers!

[AaaA]

Great! Please up vote