Question

In 500 words Define each of these topics and give examples

1. Due diligence

2. regulations

3. compliance

4. risk based processes

**** please try answer it as document

Answer 1

Due Diligence:

1. It is the process by which confidential legal, financial, and other material information is exchanged, reviewed, and appraised by the parties to a business transaction that is done prior to the transaction.

2. Due diligence is an analysis and risk assessment of an impending business transaction.

Examples:

a) Reviewing and auditing financial statements.

b) Scrutinizing projections for future performance.

c) Analyzing the consumer market.

d) Seeking operating redundancies that can be eliminated.

e) Reviewing potential or ongoing litigation.

f) Reviewing antitrust considerations.

Regulations:

Intellectual property rights include intangible creations of the human intellect.

The invention not patentable:

A. Frivolous patentable

B. Discovery of scientific principles and living, non-living things occurring things in nature

C. Things obtained by more admixture

Compliance:

Nowadays the term compliance is used in practically all industries and economic sectors. In past, it is originated in US financial system and used frequently in business administration and law.It's basically about companies and their employees complying with the rules. In the past, this primarily meant complying with laws

Example:

An example of compliance is when someone is told to go outside and they listen to the order.

The risk management process:

It consists of three parts: risk assessment and analysis, risk evaluation, and risk treatment.

Examples of potential risks include security breaches, data loss, cyber-attacks, system failures, and natural disasters.