Podcast
Questions and Answers
What is the primary concern of the government regarding business operations?
What is the primary concern of the government regarding business operations?
- Profit maximization
- Market competitiveness
- Shareholder value creation
- Operational risk mitigation (correct)
What is the role of regulators such as NAFDAC and SON?
What is the role of regulators such as NAFDAC and SON?
- To promote international trade
- To regulate business operations and ensure conformity with best practices (correct)
- To promote entrepreneurship
- To provide financial support to businesses
Why is it essential for the government to be interested in the risk exposures of multinational corporations?
Why is it essential for the government to be interested in the risk exposures of multinational corporations?
- To prevent negative economic impacts (correct)
- To prevent competition
- To promote foreign investment
- To increase tax revenue
What can happen to businesses that fail to satisfy regulatory requirements?
What can happen to businesses that fail to satisfy regulatory requirements?
What is the purpose of the government's posture towards business risks and strategic measures?
What is the purpose of the government's posture towards business risks and strategic measures?
What do regulators have a continuing interest in?
What do regulators have a continuing interest in?
What is the primary reason why management teams should not neglect operational risks?
What is the primary reason why management teams should not neglect operational risks?
Why are employees invested in the operations of a business organization?
Why are employees invested in the operations of a business organization?
What can be a consequence of operational loss arising out of risk?
What can be a consequence of operational loss arising out of risk?
Why should a management team institute measures to checkmate operational risks?
Why should a management team institute measures to checkmate operational risks?
What is a potential consequence of a fire outbreak in a factory?
What is a potential consequence of a fire outbreak in a factory?
What is an example of an operational risk that a business organization may face?
What is an example of an operational risk that a business organization may face?
Why are distributors interested in the risk exposures of their suppliers?
Why are distributors interested in the risk exposures of their suppliers?
What hinders business customers from switching to other suppliers?
What hinders business customers from switching to other suppliers?
Why are industrial customers interested in their suppliers' risk exposures?
Why are industrial customers interested in their suppliers' risk exposures?
What can occur if a supplier's operations are disrupted due to risks?
What can occur if a supplier's operations are disrupted due to risks?
What is essential for distributors to avoid disruptions in their business operations?
What is essential for distributors to avoid disruptions in their business operations?
Why is it important for suppliers to have risk mitigation measures in place?
Why is it important for suppliers to have risk mitigation measures in place?
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