RISK FACTORS Following risk factors have been recognised for NSTIs - [10] Immunosuppression Diabetes Chronic disease Drugs e.g. steroids Malnutrition Age > 60 I.V. drug misuse Peripheral vascular disease Renal failure Underlying malignancy Obesity Blunt or penetrating trauma Surgery Childbirth CLASSIFICATION OF SOFT TISSUE INFECTIONS ANATOMICAL CLASSIFICATION 1. Skin Epidermis- Impetigo‚ folliculitis‚ furunculosis‚ carbunculosis. Dermis- Cellulitis. 2.Subcutaneous tissue and Superficial
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INTRODUCTION=Your business is open to risks from movements in competitors ’ prices‚ raw material prices‚ competitors ’ cost of capital‚ foreign exchange rates and interest rates‚ all of which need to be (ideally) managed. This section addresses the task of managing exposure to Foreign Exchange movements. These Risk Management Guidelines are primarily an enunciation of some good and prudent practices in exposure management. They have to be understood‚ and slowly internalised and customised so that
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A. Define audit risk. Audit risk is the risk that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated. B. Describe its components of inherent risk‚ control risk‚ and detection risk. The risk of material misstatement may be separated into two components-inherent risk and control risk. Both inherent risk and control risk exist independently of the audit of financial statements‚ or in other words‚ the risk of misstatement
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Person Centred Risk Every opportunity contains risks – a life without risk is a life without opportunities‚ often without quality and without change. Traditional methods of risk assessment are full of charts and scoring systems‚ but the person‚ their objectives‚ dreams and life seem to get lost somewhere in the pages of tick boxes and statistics. A person centred approach seeks to focus on people ’s rights to have the lifestyle that they chose‚ including the right to make ’bad ’ decisions
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Chapter 1 Introduction to Risk and Insurance Topics (hyperlinked) Risk Basic Categories of Risk Uncertainty Pure‚ Speculative‚ Fundamental‚ Particular Risk Law of Large Number Types of Pure Risk Objective Risk Personal‚ Property‚ Liability Risk Subjective Risk Burden of Risk in our Society Chance of Loss Insurance Objective Probability Pooling Subjective Probability Basic Characteristics of Insurance Frequency vs. Severity Requirements
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The Role of Risk Management in Modern Organisations The importance of risk management in reducing the amount of financial and Human losses under the impact of natural disasters (Japan – Fukushima) Abstract: This essay is mainly about the role of risk management in addressing any potential risk to the organisation that may cause a lot of losses. Management’s mission is to predict the risk before disaster strikes‚ which require to study all the information and the details provided by the
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During the risk assessment‚ we must ask ourselves‚ "What can go wrong?" "How bad?" or "how often?" and finally "is there a need for action?" These four questions will help us look at the potential hazards and risks‚ which may pose. For each hazard that is acknowledged‚ it is important for us to decide whether it is significant and whether appropriate and adequate controls or contingencies are in place to ensure that the risk is suitably controlled. To help us carry out an easy risk assessment. There
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is 0.2.Let w1 be the proportion of wealth put into the first investment. (a). Calculate the expected return and the standard deviation for portfolio w1=0‚0.2‚0.4‚0.6. (b). Draw a picture of these risk and returns for w1. (c). What is it called? (d). Draw the picture of (c) when there is a riskless asset. (e). How should an investor choose the optimal investment? Solutions: (a) (b) Page 1 of 8 (c) It is called Efficient Frontier. An efficient frontier represents the limit of how far we can
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1. Framework A. Identification of the risk Financial Risk There are three kinds of financial risk: market risk‚ liquidity risk and credit risk. Market Risk Price Risk The risk of a decline in the value of a security or a portfolio. Interest Rate Risk The risk that the value of an investment will change due to a change in the absolute level of interest rates. Example Dexia had a great interest rate risk. They had a lot of mortgage loans (long term). They financed the long term liabilities
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Risks in International Trade & Mitigating Measures What are the different types of risks in international trade? For buyers and sellers that are engaged in international trade‚ they may experience one or more of the following risks: * Buyer’s Insolvency/Credit Risk * Buyer’s Acceptance Risk * Knowledge Inadequacy * Seller’s Performance Risk * Documentation Risk * Economic Risk * Cultural Risk * Legal Risk * Foreign Exchange Risk * Interest Rate Risk * Political/Sovereign
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