Manage Risk
Risk Review
BSBRSK501B
Task 1
Risk description:
An investigation was recently conducted at the at the Toowoomba MacVille café, in order to find out numerous things involved with opening a new store such as: * new goals that can be achieved * the stake holders involved * the social, economic, political and technological features * the strengths and weaknesses * opportunities and risks * research analysis
The reason the investigation was conducted was to gauge what was both good and bad about the new café opening, what needs to be changed in order to increase efficiency at work and any legislative laws involved.
The conduction of the investigation was done in a way to view the aspects of staff members, the community, management and the government
This investigation has been conducted in a way which sees the aspect of management, staff members, governments, and the community.
A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.
2.Finance: The probability that an actual return on an investment will be lower than the expected return. Financial risk is divided into the following categories: Basic risk, Capital risk, Country risk, Default risk, Delivery risk, Economic risk, Exchange rate risk, Interest rate risk, Liquidity risk, Operations risk, Payment system risk, Political risk, Refinancing risk, Reinvestment risk, Settlement risk, Sovereign risk, and Underwriting risk.
3.Food industry: The possibility that due to a certain hazard in food there will be an negative effect to a certain magnitude.
4. Insurance: A situation where the probability of a variable (such as burning down of a building) is known but when a mode of occurrence or the actual value of the occurrence (whether the fire will occur at a particular property) is not. A risk is not an uncertainty (where neither the probability nor the mode of
BSBRSK501B
Task 1
Risk description:
An investigation was recently conducted at the at the Toowoomba MacVille café, in order to find out numerous things involved with opening a new store such as: * new goals that can be achieved * the stake holders involved * the social, economic, political and technological features * the strengths and weaknesses * opportunities and risks * research analysis
The reason the investigation was conducted was to gauge what was both good and bad about the new café opening, what needs to be changed in order to increase efficiency at work and any legislative laws involved.
The conduction of the investigation was done in a way to view the aspects of staff members, the community, management and the government
This investigation has been conducted in a way which sees the aspect of management, staff members, governments, and the community.
A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.
2.Finance: The probability that an actual return on an investment will be lower than the expected return. Financial risk is divided into the following categories: Basic risk, Capital risk, Country risk, Default risk, Delivery risk, Economic risk, Exchange rate risk, Interest rate risk, Liquidity risk, Operations risk, Payment system risk, Political risk, Refinancing risk, Reinvestment risk, Settlement risk, Sovereign risk, and Underwriting risk.
3.Food industry: The possibility that due to a certain hazard in food there will be an negative effect to a certain magnitude.
4. Insurance: A situation where the probability of a variable (such as burning down of a building) is known but when a mode of occurrence or the actual value of the occurrence (whether the fire will occur at a particular property) is not. A risk is not an uncertainty (where neither the probability nor the mode of