100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ERM Study Exam 1 Questions & Answers 2024/2025 $9.49   Add to cart

Exam (elaborations)

ERM Study Exam 1 Questions & Answers 2024/2025

 3 views  0 purchase
  • Course
  • ERM
  • Institution
  • ERM

ERM Study Exam 1 Questions & Answers 2024/2025 Organizational Threats - ANSWERSResponse & Resilience, strategic efficacy, systemic contributors Response & Resilience (org. Threat) - ANSWERSRisk management/disaster recovery I.e. Fire/flood Strategic Efficacy - ANSWERSMarket responsiveness...

[Show more]

Preview 3 out of 16  pages

  • August 12, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ERM
  • ERM
avatar-seller
Bensuda
ERM Study Exam 1 Questions &
Answers 2024/2025

Organizational Threats - ANSWERSResponse & Resilience, strategic efficacy, systemic contributors



Response & Resilience (org. Threat) - ANSWERSRisk management/disaster recovery I.e. Fire/flood



Strategic Efficacy - ANSWERSMarket responsiveness I.e. replacement products (VHS with DVDs)



Systemic contributors - ANSWERSEconomic/political conditions I.e. exchange rates



Risk - ANSWERSA variable that can cause deviation from an expected outcome and as such may affect
business objectives and performance



Downside Risk Example - ANSWERSFlood, fire, tornado



Upside Risk Example - ANSWERSOpportunity-investments, ventures



Risk vs threat - ANSWERSRisk OF something. Threat FROM something



Risk factors - ANSWERSExposure

Volatility

Probability

Severity

Time horizon

Correlation

Capital

Speed of Onset

,Exposure - ANSWERSMaximum potential impact/foreseeable loss



Volatility - ANSWERSVariability or uncertainty



Severity - ANSWERSSimilar to exposure - likely potential impact



Time Horizon - ANSWERSHow line you're at risk



Correlation - ANSWERSAssociated risks



Speed of onset - ANSWERSHow quickly the risk surfaces



Upside risk + downside risk = - ANSWERSCompetitive advantage



Risk Responses - ANSWERSAccept

Avoid

Reduce

Transfer



Accepting risk - ANSWERSThe level of risk is reasonable



Avoiding risk - ANSWERSAvoiding the action that would cause the risk - ignoring the opportunity



Transferring Risk - ANSWERSShifting responsibility for a risk to another party. Usually does not reduce
overall risk except in cases where the other party is able to reduce it (plumber in stead of DIY)



Reducing risk - ANSWERSLowering the impact and/or probability

, Known risks management goal: - ANSWERSImpact minimization



Unknown risks management goal; - ANSWERSVulnerability reduction



Value at risk - ANSWERSThe share price X number of shares (also called valuation)



Tangible components of a brand - ANSWERSProperty, plant, equipment (AT&T)



Intangible components of a brand - ANSWERSReputation, intellectual property, brand name (Microsoft)



Tangible assets - ANSWERSBook valuw



Premium value - ANSWERSValue in excess of book value



Latent Value - ANSWERSHidden assets or opportunities ex unmotivated workforce



VCQ - ANSWERSMeasure of reputation equity (premium + latent)



Value drivers - ANSWERSIntrinsic or innate characteristics of the organization that must be preserved
since they are the cornerstone of the firms value

Reputation

Brand

Intellectual property

Innovation

Potential growth

Global reach

Management expertise

Workforce

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart