Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administration

Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administration

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. explain the risk management process by describing each stage and how it applies to Alt Energy. 1.Objectives Indicate the importance of setting objectives and apply it to Alt Energy. 2 Risk Identification
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. The report should follow the following format: 1. Introduction 2. Risk 2.1 Risk defined 2.2 Systemic and Systematic risks 3. Risk Management 3.1 Reasons why risk management would be important to Alt Energy 3.2 Researched example of another company that did not manage their risks 4. The risk management process 4.1 Objectives 4.2 Risk identification 4.3 Risk evaluation 4.4 Risk control 4.5 Risk financing 4.6…
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management. Provide a researched example of another South African company in the same industry that did not management their risk. This example should be comprehensive and confirm the importance of risk management. It is important that you draw similarities with Alt Energy and conclusions from your research.
As a student, Maud Abigail Regina (MAR) would say to herself' Set a goal so big that you can't achieve it until you grow into the person who can'. To this end MAR was able to save GHS 5,000.00 as a student at the Earth Science Department during her studies. She had a Second Class Hons Degree in the Upper Division and she was determined to be a successful entrepreneur after graduation. MAR now owns an GHS 800,000.00 business that employs six people. The facility is a custom picture- framing and her customers are mainly granduants from tertiary and allied institutions and students/staff from second cycle institutions during speech/prize giving days. MAR has been taught that people are willing to take the risk of starting a business for many reasons, including profit, independence, challenge and opportunity. MAR recognized the opportunity in picture framing since most framing camera men at functions at the time did not focus on modem management principles. MAR maintains that most…
Jasmine is a mother of three children, ages 6 months, 2 years, and 3 and a half. Jasmine makes $24,000 a year at her full-time job, while her husband, Jamal, makes $45,000 a year. The daycare their children attend currently costs them $18,000 a year for all three children, but next year the cost is going up to $21,000. Jasmine wonders whether it’s even worth working, when she spends so much of her salary on childcare, and is considering quitting her job completely or working part-time instead. Jasmine’s dilemma is an example of a gendered process that occurs in the point of overlap of which two institutional arenas? the market and the family the family and the state the family and religion the state and the market
Advise a small farmer on how to become more effective, profitable and Sustainable in his farming operation. • •The farm covers 100ha – 50ha arable land and the rest natural pastures • •He/She plants maize (yield 2tons/ha), soybeans (yield 800kg/ha) • •He/She plant vegetables (massive pest pressure), but the quality is poor. • •He/She has a herd of 30 cows and 50 sheep. • •The farming operation is not profitable • •His/Her animals are very skinny during winter with hardly any pastures - so the calves are light and does not get good money at auctions The farm is in Villiers The farms have an average rainfall of 550mm to 600mm per year. This rainfall mainly takes place in the summer months in the form of typical Highveld thunder storms. The average temperature during the summer is 25°c, with temperatures in the winter averaging 14°c, but with morning lows of up to -13°c Use ideas on how you can incorporate precision farming on a small scale to make this farm…
Aaron is a young entrepreneur. He saw a business opportunity in making and delivering homecooked meals. His business is called Made For You. Initially, his target market was only students. However, his business grew quickly, and he secured a contract to provide daily meals for several retirement villages. Initially, he ran his business from his kitchen, but now he is leasing a property in the industrial area. The property consists of an industrial kitchen, a large storage room and a small office. He also owns a delivery vehicle. Aaron is in charge of all the administration and has employed four cooks and one driver.Aaron was so focused on operations that he did not focus on risk management. He has now realised the importance of risk management, and he has come to you with some questions. The key drivers to changes that require an integrated approach to the management of risks are globalisation; corporate governance; technology; and intangible assets. Briefly explain each of the…
Aaron is a young entrepreneur. He saw a business opportunity in making and delivering homecooked meals. His business is called Made For You. Initially, his target market was only students. However, his business grew quickly, and he secured a contract to provide daily meals for several retirement villages. Initially, he ran his business from his kitchen, but now he is leasing a property in the industrial area. The property consists of an industrial kitchen, a large storage room and a small office. He also owns a delivery vehicle. Aaron is in charge of all the administration and has employed four cooks and one driver. Aaron was so focused on operations that he did not focus on risk management. He has now realised the importance of risk management, and he has come to you with some questions Aaron requires some information on the concept of risk. Q.1.1 Explain the difference between pure risk and speculative risk. Provide Aaron with examples that are applicable to his business and…
Aaron is a young entrepreneur. He saw a business opportunity in making and delivering homecooked meals. His business is called Made For You. Initially, his target market was only students. However, his business grew quickly, and he secured a contract to provide daily meals for several retirement villages. Initially, he ran his business from his kitchen, but now he is leasing a property in the industrial area. The property consists of an industrial kitchen, a large storage room and a small office. He also owns a delivery vehicle. Aaron is in charge of all the administration and has employed four cooks and one driver.Aaron was so focused on operations that he did not focus on risk management. He has now realised the importance of risk management, and he has come to you with some questions. Aaron is aware of the importance of identifying risks. Q.1.1 Explain the difference between micro risks and macro risk identification. Q.1.2 Provide him with a practical, comprehensive example of how…
Aaron is a young entrepreneur. He saw a business opportunity in making and delivering homecooked meals. His business is called Made For You. Initially, his target market was only students. However, his business grew quickly, and he secured a contract to provide daily meals for several retirement villages. Initially, he ran his business from his kitchen, but now he is leasing a property in the industrial area. The property consists of an industrial kitchen, a large storage room and a small office. He also owns a delivery vehicle. Aaron is in charge of all the administration and has employed four cooks and one driver.Aaron was so focused on operations that he did not focus on risk management. He has now realised the importance of risk management, and he has come to you with some questions. Q.1. Explain the risk management process to Aaron by applying it to his business. You are to include the six steps. For each step, you are required to give a brief description and a comprehensive…
STRONG MUSCLES GYMKamal started a gym named as ‘Strong Muscles Gym’. He installed large number of machines and equipment’s of different types and appointed trained trainers to help the customers in the use of machines. Initially he kept a low fee per hour so that the boys and girls belonging to poor families may also avail the facilities of the gym. Very soon his gym became popular and he started operating in three shifts. For this, he appointed additional trainers. He also installed extra machines so that more customers could be enrolled. In two years, he started earning good profits. He took a nearby building on rent and started a ‘Recreation and Health Club’ for the senior citizens of the locality on very nominal charges. He also encouraged young boys and girls to participate in the cleanliness drive started by the Prime Minister. They agreed and started giving one hour daily for the cleanliness of the nearby areas, before the opening of the ‘Strong Muscles Gym’ and the ‘Recreation…