Being able to identify and then prioritize risks is paramount to successful management of an organization.
What is Risk?
The risk is a concept that auditors and managers use to express their concerns about the probable effects of an uncertain environment. Because the future cannot be predicted with certainty, auditors and managers have to consider a range of possible events that could take place. Each of these events could have a material effect (a significant consequence) on the enterprise and its goals. The negative effects are called “risks,” and the positive effects are called “opportunities.” (more…)
Standing Bear’s essay is a search for a lost dream, an ideal state that existed before the coming of the white Europeans. The Native Americans were natural to the American continent living in harmony with nature and animals. He calls the whites foreigners and aliens, this is because the white man came with a dream of his own and tried to impose his ideas and dreams on a people who had already existed for centuries in this particular land. In the search for the colonizer’s dream, the Native Americans were made to suffer endlessly abused and restricted, only some of their characteristics were accepted because it suited the oppressors. (more…)
The word ‘Economics’ is defined as the allocation of resources such as the land, labor, and capital efficiently and effectively among the people. Resources are scarce in this world and the demand for various resources is excessive. Economics tends to balance the allocation of these resources efficiently and effectively. (more…)