PREVENTION OF COMPANY RISKS

Suciu Gheorghe and Trifan Adrian
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Suciu Gheorghe: “Dimitrie Cantemir” Christian University Brasov, Romania
Trifan Adrian: University Transilvania from Brasov, Romania

Annals - Economy Series, 2014, vol. 5, 107-111

Abstract: A company’s manager has to create and maintain a healthy internal control system. An efficient internal control system implies the implementation in the company of risk management. Each company, but also each individual, who tries to attain certain objectives, establishes the activities which lead to the achievement of goals and, at the same time, tries to identify as many “threats” as possible, in order to take the necessary measures to eliminate them. Thus, even if one is not familiar with the concepts of risk and risk management, one acts, consciously or not, for that purpose.

Keywords: risk; risk exposure; risk management; risk tolerance. (search for similar items in EconPapers)
Date: 2014
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