MoneyPlays Bank, writing homework help

Anonymous
timer Asked: May 31st, 2017
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Question Description

You are about to take over MoneyPlays Bank, a small but lucrative financial institution. You have hired new staff and are conducting orientation and training. You need to explain financial management risk to the new staff. Using the library and other credible sources, prepare a report responding to the following regarding factors of financial risk:

  • Explain risk management to your new staff.
  • Distinguish between the 3 factors of financial risk as it pertains to the banking industry. Explain each of the following:
    • Credit
    • Commodity
    • Operational risk
  • Be sure to include an introduction and conclusion

Tutor Answer

Klosevin
School: Rice University

Attached.

Running head: MONEYPLAYS BANK

1

MoneyPlays Bank
Name
Institution

MONEYPLAYS BANK

2
MoneyPlays Bank
Introduction

Managing a business enterprise is a tricky process that is punctuated with risk factors that
a new manager has to deal with. These factors affect both new and existing managers but tend to
be more pronounced for those interacting with a new environment such as is the case with the
takeover of MoneyPlays Bank. In order to facilitate effective and efficient running of the
MoneyPlays Bank financial institution, it is pertinent to ensure that every risk is identified,
assessed and mitigated where possible. One type of risks associated with this business enterprise
is the potential failure of poor adaptation between the new manager and the current organization
culture. It is paramount that every manager in business understands the risks involved in running
a business and endeavor to mitigate these risks so that the firm can be successful. To this end, the
main types of risks that the new enterprise has to deal with are; the possibility of incurring bad
debts, operation and commodity risks. These are elaborated upon in the subsequent section
(Allen , 2012).
Risk Management
Risk is a measure of uncertainties that are likely to occur while undertaking the activities
of a business enterprise such as MoneyPlays Bank. It is measured in the form of probability
which is the possibility that an identified potentially unwanted scenario shall occur and can be
expressed in term...

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Anonymous
Top quality work from this guy! I'll be back!

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