The struggle between how to manage a business versus how to “grow” has significant implications for security policies that must reflect the core values of the business. which of the following statements reflects one of the security policy approaches often taken by entrepreneurs growing a business? (a) a company in its early startup stages focuses on stability and seeks to avoid risk. (b) a company starts growing its bureaucracy as early in its development as possible. (c) a company in its startup stages often hires professional managers and defers to their judgment about how to create the business culture. (d) a company in high-growth mode focuses on agility and innovation and tends to have a greater acceptance of risk.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Which of the following would be an accurate statement about achieving a balanced budget

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?