Taking Risks Essays (Examples)
Study Document
Risk Management And Insurance
... risks
Q1
Annuities account for a great part of the protection one affords self against death. They do not follow the application of the law of large numbers as the law is traditionally utilized in life insurance. It has, therefore, been referred to as “upside-down life insurance.” When an annuitant passes away during the period of accumulation, their beneficiaries are paid a death benefit. The common treatment of annuities is to account for gross premium returns excluding interest or to account for the cash value, whichever is greater. The principle is for the principal sum to be liquidated over the annuitant’s lifetime regardless of the means of accumulation.
Q2
Annuities can fall under various classes. Traditionally, the following classifications have been used to differentiate annuities:
i. Individual vs. group annuity
ii. Fixed-dollar vs. variable annuity
iii. Deferred annuity vs. immediate annuity
iv. Installment annuity vs. single-premium annuity
v. Single life vs.……
References
References
Vaughan, E. J., & Vaughan, T. (2007). Fundamentals of risk and insurance. John Wiley & Sons.
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
… (2020) points out, enterprise risk management (ERM) is especially needed during the COVID 19 pandemic because of the “number of different, but interrelated risks spread all across most organization” (p. 2). COVID 19 is not just a factor that has impacted one business or industry. It has … including a comparison and contrast of Enterprise Risk Management (ERM) vs. traditional risk management; 2) a discussion of hazard, financial, operational and strategic risks; 3) a SWOT analysis of Wells Fargo; 4) an examination of the relationship between organizational culture and ERM; 5) a discussion of risk … potential dangers, threats, and challenges that could be catastrophic or damaging for the organization. ERM allows the firm to reduce exposure to these risks by preparing for them through safety mechanisms, altering strategy so as to avoid them, or developing a plan to meet these challenges head-on. … pursue without constraint its goals……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
How Amazon Hedges Its Forex Risk
… and diversification of international operations, help Amazon reduce the translational risk that it faces. This paper will examine what foreign currency exchange rate risks Amazon faces, and what tactics it undertakes to mitigate these risks on its income statement and balance sheet.
Introduction
Amazon has online retail operations in 58 countries around the world, and these are typically … currency exchange rate risk, Amazon does not note any major hedging strategies in its annual report.
For the most part, Amazon matches operating risks associated with foreign currency transactions with operating tactics to mitigate those risks. Those operational offsets are the best way to handle translational risk. As a result, Amazon typically does not have a major impact from ……
References
References
Amazon 2019 Annual Report. Retrieved April 29, 2020 from https://s2.q4cdn.com/299287126/files/doc_financials/2020/ar/2019-Annual-Report.pdf
HowMuch.net (2019) Charting the most powerful reserve currencies in the world. HowMuch.net. Retrieved April 29, 2020 from https://howmuch.net/articles/worlds-top-reserve-currencies-2019
Mehta, N., Detroja, P. & Agashe, A. (2018) Amazon changes prices on its products about every 10 minutes – here’s how and why they do it. Business Insider. Retrieved April 29, 2020 from https://www.businessinsider.com/amazon-price-changes-2018-8
Reiff, N. (2020) Hedge. Investopedia. Retrieved April 29, 2020 from https://www.investopedia.com/terms/h/hedge.asp
Roamy (2019) The consequences of Amazon’s pricing power. Medium.com. Retrieved April 29, 2020 from https://medium.com/goods-services/https-medium-com-goods-services-amazons-pricing-power-797e28b63fbd
Statista (2019) Annual net sales of Amazon in selected leading markets from 2014 to 2019. Statista. Retrieved April 29, 2020 from https://www.statista.com/statistics/672782/net-sales-of-amazon-leading-markets/
Study Document
Understanding The Factors Affecting The Success Of Credit Risk In
… have augmented the focus on the significance of risk management. In delineation, risk management encompasses the practice of identifying, assessing and listing of risks followed by organized and cost-effective application of resources to curtail, supervise and control the probability and influence of disastrous events or to capitalize … is deemed to be effective when all employees within the financial establishment are in alignment with the lending primacies of the management. Credit risks can emanate from ambiguity in financial markets, failures in projects, and legal obligations, credit problems, calamities, natural causes and adversities, in addition to … in the event that the obligor otherwise fails to carry out the terms and agreements. Imperatively, credit risk is one of the fundamental risks in commercial risks and the capability to manager it efficaciously is a determining factor of the banking institution’s stability. When implementing financial decisions, banks employ a … levels of……
References
References
Bhattarai, Y. R. (2016). Effect of credit risk on the performance of Nepalese commercial banks. NRB Economic Review, 28(1), 41-64.
Das, A. and Ghosh, S. (2007). Determinants of Credit Risk in Indian State-owned Banks: An Empirical Investigation. Economic Issues, 12(2): 48-66.
Derelio?lu, G., & Gürgen, F. (2011). Knowledge discovery using neural approach for SME’s credit risk analysis problem in Turkey. Expert Systems with Applications, 38(8), 9313-9318
Garr, D. K. (2013). Determinants of credit risk in the banking industry of Ghana. Developing Country Studies, 3(11), 64-77.
Gizaw, M., Kebede, M., & Selvaraj, S. (2015). The impact of credit risk on profitability performance of commercial banks in Ethiopia. African Journal of Business Management, 9(2), 59-66.
Johnson, B., & Christensen, L. (2008). Educational research: Quantitative, qualitative, and mixed approaches. New York: Sage.
Kithinji, A. M. (2010). Credit risk management and profitability of commercial banks in Kenya. (Doctoral dissertation, University of Nairobi).
Limam, I. (2001). Measuring technical efficiency of Kuwaiti banks. Kuwait: Arab Planning Institute.
Study Document
Emergency Managers And Climate Risk
… earth’s natural systems. Against this backdrop, it is clear that emergency managers face a number of significant challenges in preparing for climate change-associated risks, including most especially the need to overcome misguided and misinformed views about these potential risks to communities across the country. The purpose of this paper is to provide a review of the relevant literature to develop a timely … field, what can you highly educated individuals do to ensure that you are informed about and planning for ALL high risk hazards, climate risks included?” To this end, an examination of the current issues facing emergency managers planning for climate risks is followed by a discussion concerning some success stories in planning for climate risks as well as a description concerning how these successes were achieved. Finally, an assessment concerning how this information can be applied in a … can be applied in a career as……
References
References
Edwards, F. L. (2011, Spring). Symposium: Preparing for climate change. The Public Manager, 40(1), 20-25.
IPCC Working Group II. (2014). Assessing and managing the risks of climate change. Retrieved from https://www.ipcc.ch/site/assets/uploads/2018/03/WGIIAR5_SPM_Top_Level_ Findings-1.pdf.
Labadie, J. R. (2011). Emergency managers confront climate change. Sustainability, 3, 1250-1264.
Leven, R. & Goldstein, Z. (2019). Kentucky is among the states blocking climate action. As weather gets more extreme, its residents — and U.S. taxpayers — are paying a price. Public Integrity. Retrieved from https://publicintegrity.org/environment/one-disaster-away/a-dangerous-disconnect-disaster-prone-states/ .
Mickus, J. (2017, June 1). A Sugar Creek chronicle: Observing climate change from a Midwestern woodland. Perspectives on Science and Christian Faith, 69(2), 110-114.
The Nature Conservancy. (2020). Pennsylvania climate solutions. Retrieved from https://www. nature.org/en-us/about-us/where-we-work/united-states/pennsylvania/stories-in-pennsylvania/pennsylvania-climate-solutions/.
Study Document
Public Safety And Public Relations
… well. State or local departmental hierarchy, employees, and the masses may be likely victims (Achim, 2014).
Policepersons encounter numerous occupational safety and health risks while at work. Averagely, one official dies per annum, no less than 2-3 take their own lives, innumerable contract infectious ailments, several are … innumerable contract infectious ailments, several are attacked, and others may be subject to other ailments and injuries jeopardizing their safety and health. Such risks increase with time, owing to greater demands on personnel, occupational stress and shift jobs, criminals' tendency and readiness to attack officials, and greater … to implementing sound risk prevention plans. Nevertheless, the risk is an inescapable part of the law enforcement job, and officers have to take risks, on occasion, for attaining organizational aims (Achim, 2014).
Description of the Subject: Changes in Public Safety Resources
Organizational public safety resource modifications may ……
References
References
Achim, A. C. (2014). Risk management issues in policing: from safety risks faced by law enforcement agents to occupational health. Procedia Economics and Finance, 15, 1671-1676.
Bornstein, A. (2005). Antiterrorist policing in New York City after 9/11: Comparing perspectives on a complex process. Human Organization, 64(1), 52-61. Retrieved from https://www.jstor.org/stable/44127004?seq=1
Buyantseva, L. V., Tulchinsky, M., Kapalka, G. M., Chinchilli, V. M., Qian, Z., Gillio, R., et al. (2007). Evolution of lower respiratory symptoms in New York police officers after 9/11: A prospective longitudinal study. J Occup Environ Med, 49, 310–17.
Homeland Security. (2005). Grand reform: The faster and smarter funding for first responders. Washington, DC: U.S. Government Printing Office.
Lippmann, M., Cohen, M. D., & Chen, L-C. (2015). Health effects of World Trade Center (WTC) Dust: An unprecedented disaster with inadequate risk management. Crit Rev Toxicol, 45(6), 492-530. DOI: 10.3109/10408444.2015.1044601
NYPD. (2020). About NYPD. Retrieved from https://www1.nyc.gov/site/nypd/about/about-nypd/about-nypd-landing.page
OHS. (2008). Occupational Health and Safety Code of Practice. Australian Government.
Vault. (2020). Overview. Retrieved from https://www.vault.com/industries-professions/industries/public-safety
Study Document
Governments Procurement Methods In Integrated Public Service
… project's success. In the current arrangement of clinical service delivery, it means that there must be an agreement at the outset on what risks will be carried by who. The benefits that will accrue from the project must also be allotted with care. A partnership is more … not understand that municipalities do not make profits, the public sector loses the point that developers must be paid for them to take risks and work. The goals of……
References
Bibliography
Duff, V. (2020). What is organizational integration? Retrieved from https://smallbusiness.chron.com/organizational-integration-82053.html
Friedman, S. (2016). Successful public/private partnerships from principles to practices. Washington, DC: Urban Land Institute.
Ma, L., Li, J., Jin, R., &Ke, Y. (2019). A holistic review of public-private partnership literature published between 2008 and 2018. Advances in Civil Engineering. Retrieved from http://downloads.hindawi.com/journals/ace/2019/7094653.pdf
PrivacySense. (2016). Public sector. Retrieved from http://www.privacysense.net/terms/public-sector/
Reddy, C. (2016). Staff training: Importance, benefits, advantages, and disadvantages. Retrieved from https://content.wisestep.com/staff-training-importance-benefits-advantages-disadvantages/
Sekhri, N., Feachem, R., & Ni, A. (2011). Public-private integrated partnerships demonstrate the potential to improve health care access, quality, and efficiency. Health Affairs, 30(8).
Study Document
Impact Of Agency Theory
… of the principle (Heath). Sometimes pursuing of self-interest can be a misunderstanding as the agent and principle both have different capacity for taking risks, understanding of growth and other factors which sometimes misguide the principle about the agent creating conflicts on critical decision making of the firm.
……
References
References
Demsetz, R. S. (1997). Agency Problems and Risk Taking at Banks.
Heath, J. (n.d.). Uses and Abuses of Agency Theory. Business Ethics Quarterly.
Kuypers, A. (2011). How is dealt with the agency problem and what is the role of the board of directors in it?
Lumen. (n.d.). Agency and Conflicts of Interests. Lumen. Retrieved from https://courses.lumenlearning.com/boundless-finance/chapter/agency-and-conflicts-of-interest/
Murray, I. (2016, September ). Wells Fargo and the Principle Agent Problem. Competitive Enterprise Institute.
Palia, D. (2007). “Agency Theory in Banking: An Empirical Analysis of Moral Hazard and the Agency Costs of Equity. Banks and Banks System.
Pennsylvania, W. U. (2017, August 08). Wells Fargo: What It Will Take to Clean Up the Mess. Wharton University of Pensylvannia.
Study Document
Cultural Examination Of Portugal
... risks Comparative cultures: Portugal
Section I: Concrete Experience
I have been attracted to Portugal for most of my life, because I have some Portuguese ancestry. I was curious, for example, about how much of the culture of family has been influenced by this background, and what elements. But as I got older I also started just to take an interest in the country in general. I would cheer for Portugal at the World Cup and things like that, for example, when I don’t know if I had any reason to. I started to become quite curious about this place that was on one hand a fairly normal Western country that seemed like it would be familiar in many respects to my own life, but on the other hand also seemed to be quite a bit different – slower pace of life, high family orientation, less work-obsessed than one might normally find……
References
References
Hofstede Insights (2020) Country comparison: Portugal. Hofstede Insights. Retrieved May 24, 2020 from https://www.hofstede-insights.com/country-comparison/portugal/
Mudge, E. (2019) Portuguese culture: food, fado and festivals. Portugal.com. Retrieved May 24, 2020 from https://portugal.com/portugal-blogs/portuguese-culture
Study Document
The Cleveland Clinic Health
… typically cost more during their early rollout stages than they do later when the technology becomes more commoditized. Furthermore, using innovation requires taking risks, and that entails fostering an innovation and risk-taking mindset. The Cleveland Clinic appears to have had significant success in this regard. The organizational ……
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