Paper Writing Services meaning keeping less money in the registers. Another possible technique could be only letting gher level employees handle the money at the

Abstract
to either prevent the losses or better handle the losses (Rejda, 2011). The techniques used to address risk can be used in combination with each other to obtain the best results. The text discusses an example of a chain of restaurants that is having a variety of issues, including employees stealing money (Rejda, 2011). A technique that could

I need a 100 word reply to each of the following DB post. It looks a lot longer than it is. I only need 800 words total for ts project The first four are from a finance – risk management class. The last 4 are from a Personal Financial Management class. Risk management can assist an organization by identifying potential losses and executing techniques to either prevent the losses or better handle the losses (Rejda, 2011). The techniques used to address risk can be used in combination with each other to obtain the best results. The text discusses an example of a chain of restaurants that is having a variety of issues, including employees stealing money (Rejda, 2011). A technique that could help prevent those losses could be having less money available, meaning keeping less money in the registers. Another possible technique could be only letting gher level employees handle the money at the registers. Both of these techniques are loss prevention techniques because they would reduce the frequency of the money being stolen (Rejda, 2011). A technique that could combine with the previous techniques could be noninsurance transfers, wch means the risk and the financial consequences are transferred to someone else (Rejda, 2011). In the scenario of the restaurant chain, if money went missing during someone’s time working the register money could be deducted from their pay equally the amount of missing money. There are some execution obstacles with all of these different techniques but the point of risk management is to go through the entire process to decide wch techniques would best cover the organization from risks, or potential losses (Rejda, 2011). Rejda, George E. (2011) Boston, MA. Pearson Education Inc. In the article “Risk Masters’ Chart Course for Developing Risk Capabilities” by Culp (2014) discusses certain challenges wch can encounter during the process of implementing risk management, wch include internal impediments, recruiting, retaining, and training staff, and gh expectations for return. The first step companies take is to getCef Risk Officer wch has the title “Risk Master”, wch is the person wch identifies the risks and puts measures in place to minimizes the risks or completely avoid the risk in addition he works with board of directors (Culp, 2014) Risk Masters are known to implement and maintain their risk management strategies in comparison with other companies. The reason for ts is because their risk management strategies are incorporated in the gh level of the management (Culp, 2014). Ts is reached throughout communication from the top level all the way to the bottom with no influence from other officers. Risk Masters are more concerned with avoiding further risks than anytng else, there traits lay in adopting the necessary skills to analyze the problem and data. (Culp, 2014). With the unknown in the future it is hard to obtain steadiness in a strategy so a Risk Master needs to flexible and needs to able to implement the strategies. Most strategies need to be approved by the board of directors wch gives not a lot of room to play. Unforeseen factors can include economic changes, or the switch of leadersp, companies need to have a strategy in place of these occurrences, so that the company is not affected tremendously and can continue to operate without any loses. Culp, S. (2014, January 15). ‘‘Risk masters’ chart course for developing risk capabilities. Forbes. Retrieved from

Sample references
  • (‘National Bureau of Economic Research, Inc., pp. 117–45. Available online: https://ideas.repec.org/h/nbr/nberch/10733.html(accessed on 5 June 2021).J. Risk Financial Manag. 2022, 15, 358 17 of 18’,)
  • (‘EPICA community members. 2004. Eight glacial cycles from an Antarctic ice core. Nature 429(6992):623-628.’,)
  • (‘Gardiner, S. 2010. Is “arming the future” with geoengineering really the lesser evil? Some doubts about the ethics of intentionally manipulating the climate system. In Climate Ethics: Essential Readings, S. M. Gardiner, S. Caney, D. Jamieson, and H. Shue, eds. New York: Oxford University Press.’,)
  • (‘Ballini, L., Bero, L., Durieux, P., Eccles, M., Grimshaw, J., & Gruen, R. (2011).Cochrane effective practice and organisation of care group. About CochraneCollaboration (Cochrane Rev Groups (CRGs))(3).’,)

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