The proper factors that determine the risk
The proper factors that determine the risk
Author(s): Niculae MoiseSubject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Asociația pentru Promovarea Spiritului Antreprenorial
Keywords: Management risk; local public enterprises
Summary/Abstract: It appears that generally limitations in achieving objectives are caused by the next realities: (1)leader’s judgment in making decisions is not always the best, if there are not regarded all the circumstances; (2) risks can occur because of simple error or misconduct; (3) decisions on risks and internal controls implemented do not take account on costs and benefits; (4) in many cases the implementation of internal controls is ignored as a result of agreements between public enterprise management and some employees or third parties, which increases the risk and possibility of control.
Journal: DEZBATERI SOCIAL ECONOMICE
- Issue Year: 4/2015
- Issue No: 1
- Page Range: 27-31
- Page Count: 5
- Language: English