These risks include an insider threat‚ cyber threats‚ deliberate attacks and terrorism‚ and finally the pandemic threat mentioned above (DHS‚ 2015). The insider threat to the chemical sector is a major concern. One way that the chemical sector has to fear an insider threat is when these companies use third party contractors. This is because these contractors may gain access deep into these facilities
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proper controls. He identified the project as a high risk engagement‚ but did not do any of the necessary audit procedures to remedy this. Therefore‚ there was an audit failure. Sullivan was not completely at fault as it was fraud so people at Golden Bear were purposefully committing a white collar crime‚ but he should have exposed it by forcing them to disclose any changes in valuation techniques‚ as well as make them be more accurate with their revenue valuation. Did not follow-up. Because something
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bring firms both opportunities and threats because of its uncertainties. Business environment is uncertain‚ complex & dynamics; organization should apply more flexibility & discontinuity ways to manage them. A firm cannot control the environment because it is unpredictable in its direction and speed of change‚ such as interest rates‚ rate of inflation and exchange rate. Business environment can classifies in two categories that are internal environment and external environment. Internal factors close
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The Communist Threat Communism‚ like all forms of government was designed to benefit the people of the country. Originally communism was established to create economic stability by abolishing private property‚ if your property was sought to be public‚ it would be used as a greater benefit to the economy. There were people that believed in the idea of communism—those who thought that the key to a successful economy was by total government control. Time passed and political power became the greater
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Chapter 3 The External Assessment Chapter Outline The Nature of the External Audit Strategic Management: Concepts & Cases 10th Edition Fred David The Industrial Organization (I/O) View PowerPoint Slides by Anthony F. Chelte Western New England College Copyright 2005 Prentice Hall Social‚ Cultural‚ Demographic & Environmental Forces Ch 3 -1 Chapter Outline (cont’d) Copyright 2005 Prentice Hall Ch 3 -2 Chapter Outline (cont’d) Political‚ Governmental‚ and Legal Forces Porter’s Five-Forces
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Threat of substitutes The threat of substitutes means that a product identical or similar with other product which same characteristics product we found easily. The industry is less attractive when the threat of substitutes is high. In this case‚ we need to produce different product compared to the other firm to attract consumer to buy from us. Our firm threat of substitutes is medium as we are producing the plus sizes of clothing for men and women. In this industry‚ although there are several brand
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The Most Imminent Threat that Texas Faces Like most states‚ Texas faces a host of problems; that stem from both cultural and environment issues‚ but unlike most states Texas is a state that shares a 1‚254-mile long border with Mexico‚ a country that has their massive problems. Geography alone has provided Texas with problems that are difficult in the best of times‚ but in this age of a huge drug problem in the United States along with the rise of international terrorism‚ those problems have grown
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The External Factor Political‚ Governmental & Legal Forces Government spending and taxation policies Hong Kong is a free port of less tax and low tax rate. The tax must to pay for enterprise only pay the profit tax every year. The normal rate of Profits Tax is 16.5% for corporations and 15% for unincorporated businesses. More companies have been attracted to invest in Hong Kong. Hong Kong does not impose value-added tax (VAT)‚ goods and services tax (GST) or sales tax. The price of products
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in Strategic Management Chapter 3: The External Assessment Submitted by: Stephanie Rose Capule Melody Ferrer Divine Grace Jasa Claudine Martinez Wendy Pangilinan Mark Angelo Santiago Julma Tumibay Mktg 4-2 Submitted to: Mr. Jamilton Esguerra Chapter Objectives: After studying this chapter‚ you should be able to do the following: 1. Describe how to conduct an external strategic-management audit. 2. Discuss 10 major external forces that affect organizations: economic
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be threats to external validity‚ & this can be an explanation of how researchers may be wrong in making a generalisation. For instance‚ researchers may conclude that the results of their study (which was done in a specific place‚ with certain types of people‚ & at a specific time) could be generalised to another context. For instance it could have been at another place‚ with different people‚ at a later time‚ even if these factors are only slightly different. There are three major threats to external
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