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B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.?
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B. Samzing company was charged with evasion of tax and was asked to pa...
Types of Business Risks in the Given Cases
There are different types of business risks that a company may face, and the given cases illustrate some of the common types of business risks, as discussed below:
Financial Risk - Samzing Company
The evasion of tax by Samzing Company and the subsequent fine in crores represent financial risk. Financial risk refers to the possibility of financial losses due to various factors such as market fluctuations, economic conditions, fraud, and mismanagement. In this case, Samzing Company may face severe financial losses due to the fine, which may lead to bankruptcy or closure of the company.
Operational Risk - Mr. Manish
The act of sharing confidential information by Mr. Manish with a competitor represents operational risk. Operational risk refers to the possibility of losses due to inadequate or failed internal processes, people, and systems, or external events. In this case, the act of Mr. Manish may lead to loss of market share and reputation, which may impact the company's operations and profitability.
Technological Risk - Typewriter becoming redundant
The typewriter becoming redundant represents technological risk. Technological risk refers to the possibility of losses due to changes in technology, which may render existing products or services obsolete. In this case, the typewriter is becoming redundant due to the emergence of computers and digital technology, which offer more advanced and efficient means of writing and printing documents. This may lead to a decline in demand for typewriters, which may impact the company's sales and profitability.
Conclusion
In conclusion, the given cases illustrate different types of business risks that a company may face, including financial risk, operational risk, and technological risk. It is essential for companies to identify and manage these risks to ensure their sustainability and profitability in the long run. Companies can use various risk management techniques such as risk assessment, risk mitigation, risk transfer, and risk avoidance to manage these risks effectively.
There are different types of business risks that a company may face, and the given cases illustrate some of the common types of business risks, as discussed below:
Financial Risk - Samzing Company
The evasion of tax by Samzing Company and the subsequent fine in crores represent financial risk. Financial risk refers to the possibility of financial losses due to various factors such as market fluctuations, economic conditions, fraud, and mismanagement. In this case, Samzing Company may face severe financial losses due to the fine, which may lead to bankruptcy or closure of the company.
Operational Risk - Mr. Manish
The act of sharing confidential information by Mr. Manish with a competitor represents operational risk. Operational risk refers to the possibility of losses due to inadequate or failed internal processes, people, and systems, or external events. In this case, the act of Mr. Manish may lead to loss of market share and reputation, which may impact the company's operations and profitability.
Technological Risk - Typewriter becoming redundant
The typewriter becoming redundant represents technological risk. Technological risk refers to the possibility of losses due to changes in technology, which may render existing products or services obsolete. In this case, the typewriter is becoming redundant due to the emergence of computers and digital technology, which offer more advanced and efficient means of writing and printing documents. This may lead to a decline in demand for typewriters, which may impact the company's sales and profitability.
Conclusion
In conclusion, the given cases illustrate different types of business risks that a company may face, including financial risk, operational risk, and technological risk. It is essential for companies to identify and manage these risks to ensure their sustainability and profitability in the long run. Companies can use various risk management techniques such as risk assessment, risk mitigation, risk transfer, and risk avoidance to manage these risks effectively.
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B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.?
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B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.?.
B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.?.
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B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.?, a detailed solution for B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? has been provided alongside types of B. Samzing company was charged with evasion of tax and was asked to pay fine in crores which would lead to heavy losses for the company. c. Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company d. Typewriter is becoming redundant Identify and explain types of business risk being referred to in all above cases.? theory, EduRev gives you an
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