Essays on Financial Loss

The conflict.

The conflict in question took place at a used books store where I purchased a book a week earlier. I usually look through all the pages really quickly before buying but this time I made a mistake of not doing that; after I brought the book home I did not touch it for a week, and when I finally opened it I found that almost half of the pages were covered in ink and it was unreadable. I tried to return the book or exchange it for another one but had a hard time explaining the situation to the ...

Abstract

The report below provides a comprehensive analysis of Global Finance Inc.’s (GFI) network. It provides an overall description of the network based on the network diagram provided. The report also conducts a risk assessment on the network. The main purpose of the risk assessment is to discuss the risks resulting from the network design and configuration. In total, the assessment identified four apparent risks and the report provides proper mitigation techniques for the organization. The main purpose of the mitigation techniques is to improve network security and reduce financial losses resulting from network downtimes. The report also discusses ...

Abstract

Individuals and business organizations with investment potential or the desire to become investors often find themselves having limited capital to undertake the desired projects. Additionally, most investors are often confused when carrying out analysis to assess the risk of the various portfolio in which they intend to invest their resources. The governments have developmental projects that require more financial resources than their revenue due to budget deficits. Having excess money in the circulation is dangerous to an economy because it results in excess aggregate demand that produces inflationary gaps. As such, the government must regulate money supply to ensure ...

Importance of Titles in Real Estate Financing

Abstract Acquisition of real estate is not an easy process because it involves outlay of huge amount of financial resources. Due to the high investment requirement, prospective owners often involve financiers through a loan, which is risky and prone to fraudulent activities. This risk requires a protection against imminent losses through insurance companies. Real estate is one of the properties that require title as a proof of ownership and evidence in case of transfer. The party seeking to extend a loan facility should do a thorough background check through a process called title qualifying. In this process, the lender ...

Risk exposures: The Financial Transaction Risks Table

Features of the method used to measure the interest rate identified Before determining the best method to be used in the measurement of the interest risk, it is essential to assess the source of the risk. The most common sources of interest rate risk are security mismatching for various items in the balance sheet depending on whether the interest rate is fixed or variable. The value assets lead to interest rate risk when there are valuation problems as well as in situations where interest rates are not aligned with the liabilities and assets (Kaufman, 1984). Various methods are applicable ...

Essay # 1

When companies have to deal with data breaches it is financially devastating. The financial devastation is a result of money being stolen from the company and potentially clients. Therefore, clients may want to sue due to trusting the company with the data. Some lawsuits may materialize and this can indeed put a financial dent in the company’s profits. Furthermore, the company will have to hire lawyers to investigate and figure out who actually breached and hacked the data. This can cost a lot of money as well. According to research “These costs include revenue lost due to the ...

Insurable interest

Jeff had an insurable interest in the building at the time of the loss. Jeff owns the building and stores its inventory as well as operating a restaurant in the building. When fire destroyed the building, Jeff suffers a financial loss including the loss of revenue from the restaurant business. Therefore, he has an insurable interest in the building. Richard does not have an insurable interest in the building at the time of the loss. A person can only have an insurable interest in a property if the loss or damage to the property results in a financial loss ...

Generalized Theories and Concepts to be used in the Case Study

Some of the key topics learned in this week’s lecture with reference to the case study of Pace (manufacturer of set-top boxes) are briefly defined and explained as follows: Culture: Hofstede, G. H. (1991) defines culture as the “collective programming of mind” that provides a base for the distinction between different cultures and ethnic groups. The role of Culture in Organizations: It helps employees to be aware of organizational goals and objectives and make their efforts aligned to those objectives. It directs employees to develop certain cultural values such as hard work, flexibility, loyalty, commitment, and excellence in ...

Global Risk Assessment: New Alcohol Beverage Venture

Fundamentally, risk assessment entails identification and analysis of potential hazards that may occur in an organization and their resultant effects. The occurrence of risks often results in disruption of normal operations and performance of the affected entity. Before the formulation of a risk assessment strategy, due considerations must be given to nature as well as the causing agents. Risk assessment is essential for the success of an organization. Identification of potential hazards helps in determining the necessary and effective measures to be used in controlling them. Besides, protection of employees and the entire business enterprise is a state requirement ...

A significant population in the world smoke cigarettes, which is a harmful behavior. Various studies have indicated that smoking is among the leading but preventable causes of death and diseases around the world. Apart from health issues produced by smoking, financial issues also prevail and they are among the main predictors of quitting smoking. For instance, Sindelar and O'Malley (2013) found out that quitting smoking could help an individual to save about $3000 per year. Despite the financial, environmental, and health problems created by smoking cigarettes, many people argue that smoking provides various benefits, and they cannot imagine the ...

Discussion of Positive and Negative Risks

A risk is an uncertainty that is likely to cause a financial loss in future. There are negative and positive risks in an organization. Negative risks are the unwanted conditions, which causes severe problems for the company such as financial loss. Positive risks are opportunities for a firm to increase their efficiency such as finishing a project before the stipulated time. According to Ricciardi, negative risks are mitigated while the positive risks are taken advantage of; for instance, during a construction a company can foresee the lack of construction materials from the contacted company (2014). The firm should mitigate ...

How this scenario relates to an area of law taught in Introduction to Business Law

The tort of negligence is the area of law which this scenario relates to. LMS has threatened to seek legal action against Chuan & Associates to recover damages for the harm suffered because of the approval of financial statements which had material misstatements by the audit firm. Everything 4 Less Limited (E4L) acquisition was a decision based on the information contained in those financial statements and LMS suffered financial loss by relying on them. The statements had overstated the value of the company’s inventories, and this had increased the value of the company during the bid and subsequent acquisition.

The legally important facts in the scenario

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