What is a vulnerability audit? What information should be included in a vulnerability audit?
What will be an ideal response?
A vulnerability audit is an exercise for identifying and documenting potential MPR crises for the purpose of planning and preparation. A vulnerability audit is based on interviews with people in an organization in which you ask them what might go wrong and why. A vulnerability audit should include a brief description of the potential vulnerability, its likelihood of occurrence, and the impact it would have on the firm.
You might also like to view...
The primary objective of external auditors is to provide assurance to stockholders and other users that the statements are fairly presented
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to be categorized as an external failure cost?
A) the cost of testing a product before shipment B) the cost of machinery maintenance to avoid breakdowns during production C) the cost of lost future sales after a customer finds a defect in a product D) the cost of inspection of materials to be used in production
In the context of financial securities,which of the following statements is true of certificates of deposit?
A. Certificates of deposit with longer maturities typically earn a lower interest rate than certificates of deposit that have shorter terms. B. They can be cashed in before they mature without incurring any penalty. C. They offer higher returns than most other types of investments. D. The rate of interest paid oncertificates of depositis often higher than the rate on a regular savings account.
A differentiator is least likely to be threatened by increases in input prices due to powerful suppliers when the
A. differentiator is able to significantly reduce the value gap. B. differentiator is able to create a significant difference between perceived value and current market prices. C. new product features added raise costs but not the perceived value in the minds of consumers. D. source of a competitor's differential appeal is tangible rather than intangible.