What is the difference between business risk&financial risk?

Answer Business and financial risk are two of the main risks in operating a company. While they are interrelated, they are distinct business concepts, one relating to the financial strength of a specific ... Read More »

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What is difference between effectiveness versus efficiency when assessing risk and risk management?

Effectiveness is following the instruction of a specific job while efficiency is doing the instruction in lesser time and cost. They say Effectiveness is doing what's right and efficiency is doing... Read More »

What is the difference between a business license&a business permit?

There are many rules and regulations to which a business must adhere. One example is obtaining a license or permit for the business to legally operate. The type of license or permit will vary with ... Read More »

What is the difference between assigned risk and non-standard auto programs?

Assigned Risk Pools Assigned Risk Pool auto insurance is usually the Insurer of last Resort for the highest risk drivers who have been declined by at least three Insurance Companies. The Applicatio... Read More »

Business Administration and Business Management: The Difference Between Degrees?

Business management and business administration degrees are the passports to positions in the highest levels of most fields. Even in highly technical professions such as engineering or health care,... Read More »