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Looking at Money Cares Investment Corporation to outline problematic or risk areas in the company's financial procedures. Upon reviewing the budget, you notice that there is overspending in marketing supplies, transportation, and workshop items that include hospitality items such as food and drink for the customers. Each investment specialist is given a company credit card for the above expenses but there are no policies established for monitoring. Money Cares is a small business of 8 employees: CEO, financier, a manager, 3 investment specialists, and 2 clerical assistants.

Identify possible risks for the Money Cares Investment Corporation. In establishing an investment company, you must answer the following:

What could go wrong? What are three possible risks?

What must happen in order for the company to succeed?

What are the company's most vulnerable areas?

Identify the company's assets.

Where is the most money spent?

How should the budget activities be regulated?

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M926251

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