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What is Treasury

Chapter 4
Handbook of Research on Managerial Solutions in Non-Profit Organizations
Ensures cash is sufficient to meet business needs, while managing risk related to commodity pricing or foreign exchange.
Published in Chapter:
Enterprise Risk Management in Non-Profit Organization
Selçuk Bali (Giresun University, Turkey) and Yeter Demir Uslu (Giresun University, Turkey)
Copyright: © 2017 |Pages: 19
DOI: 10.4018/978-1-5225-0731-4.ch004
Abstract
Prior studies indicate that enterprise risk management has a vital role on firm performance. Enterprise risk management system helps organizations to reach their goals by reducing uncertainty of their operating environment. In this context, this study aims to discuss and analyze the concept of enterprise risk management in non-profit organizations. The term “risk” for non-profit organizations is defined and different types of risk are examined. The significance and need of managing risk in non-profit organizations are revealed.
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