Develop the ability to minimize the risk of litigation Essay

Develop the ability to minimize the risk of litigation - Essay Example Fifthly, I will select individuals who have the skills to investigate all cases of fire reported by civilians to the department in order to find the causes of various fire. Sixthly, I will select reputable individuals who have the capacity of maintaining the department image. Lastly, I will select individuals who maintain and inspects all machineries and equipment used for firefighting. The essential elements of the job description will require selected individuals to attend various meetings and training sessions which will be conducted by the department. The individuals selected will also be expected to be clean of any felony charges or criminal histories. Thirdly, the selected individuals will also be required to obtain a drives license which should be clean from any suspension cases or revocations by the state for one reason or the other. Fourthly, the selected individuals are also expected to be available at their different work stations at all hours of the day without excuses or exceptions unless given permission by the persons in charge. Lastly, the selected individuals are expected to attend named associations and emergency meetings set up by the fire department. Successful candidates selected by the fire department will be required to pass the following tests. They will be required to pass the written assessment exam which will be a test of their basic skills. Secondly, they will be required to pass the candidate physical ability test will have three stages and the applicants will be required to pass all the three stages. The first stage will involve creating awareness among the applicants of what is expected in the actual test. The second stage will be a copycat of the real test and applicants who pass the stage will be considered eligible for the last stage and the last stage will be the final test which will determine the ability of

Discussion of Portfolio Theory Coursework Example | Topics and Well Written Essays - 750 words - 1

Discussion of Portfolio Theory - Coursework Example Corporate investors use the same concept when they build up a portfolio. The above discussion demonstrates that asset is a weight in the portfolio. An investor never buys all securities of the financial market; rather selects a combination of securities. This is when the concept of risk arises. Thus, portfolio theory has two important parameters: weight of an asset in the portfolio and its risk. The concept risk relates to the return on investment. Let us consider a single stock A. The stock A has predicted returns for different economic states as well as the probability of occurring these states. Theoretically three states are considered: boom, average, and recession. Using formulas, one can calculate expected return, E (rA), and risk of the return of the stock A. The risk of return is expressed through standard deviation ÏÆ', and in percentage. A portfolio consists of multiple financial instruments, each of them with specific predicted returns. Let us now say, we have three securi ties in a portfolio: stock B, stock C, and stock D. The portfolio return will be E (r portfolio) = WB x E (rB) + WC x E (rC) + WD x E (rD). The value of E (r Portfolio) will compensate the risk of each single security.A portfolio consists of Gold Stock, Auto Stock with relative weight 75 % and 25 %. The return is shown below.: Convert predicted returns of two stocks to the return of one average stock. The formula is Average predicted return = Weight of Auto stock x Predicted return + Weight of Gold stock x Predicted return.