The review of the action plan will be based on three risks. The risks are banking risk, manager’s travel risk, and by-law compliance risk. Banking risk involves theft of cash left in the premises while the manager’s travel risk involves physical injury to the manager when travelling or driving to the new store in Toowoomba. Finally, by-law compliance risk is the damage of the MacVille’s reputation, brand loss, and fines as a result of by-law violations. The risk management plan was implemented to manage the banking risk using the following strategies: making deposits to a bank ...
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