Follow the instruction below to answer the Part 1, Part 2, Part 3.
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Write the enterprise risk assessment for the organization.
Enterprise Risk Management (ERM) has been defined by some as “a process, affected by an entity’s board of directors, management and other personnel, applied in strategy-setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.”
What this long definition is saying (not in so many words) is Risk Assessment includes the methods and processes used by organizations to define and manage risks and seize opportunities related to the achievement of their objectives.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) ERM Framework has eight components and four objectives categories.
The eight components – additional components highlighted – are:
The four objectives categories – additional components highlighted – are:
Your Risk Assessment plan should be a 3-5 page paper (a minimum of three pages of content) to discuss how risks are defined, assessed and responded to. Monitoring activities should be included in the assessment process you outline.
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Assume that the long-run aggregate supply curve is vertical at Y = 3,000 while the short-run aggregate supply curve is horizontal at P = 1.0. The aggregate demand curve is Y = 3(M/P) and M = 1,000.
a.If the economy is initially in long-run equilibrium, what are the values of P and Y?Illustrate your answers in a diagram.
b. Now suppose a supply shock moves the short-run aggregate supply curve to P = 1.5. What are the new short-run P and Y? I llustrate your answers in a diagram?
c. If the aggregate demand curve and long-run aggregate supply curve are unchanged, what are the long-run equilibrium P and Y after the supply shock? I llustrate your answers in a diagram?
d. Suppose that after the supply shock the central bank wanted to hold output at its long-run level. What level of M would be required? If this level of M were maintained, what would be long-run equilibrium P and Y? I llustrate your answers in a diagram?
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hi my assigment is to write a memo about my responsbilties on my senior project and i will attach my rsposonsibilties in our project .I just want a one page that shows all my resposbilties in small details.
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