Entrepreneurship

Entrepreneurship

Risk Management

Objectives

• Associate with stolen cards, bad checks and counterfeit money

• Categorize the cyber crimes committed in today’s world of business

• Negotiate the impact of natural disasters as risk for business.

Introduction

Many businesses use electronic credit card authorizer machines that verify whether a credit card is good. They are linked to a central credit

bureau that identifies stolen or invalid cards.

Video

https://www.stlouisfed.org/open-vault/2018/october/four-ways-spot-counterfeit-currency

Multiple Choice

Using credit cards or __________ to pay for purchases is a major convenience for consumers.

• Stolen credit card

• Credit card

• Service

• Checks

Open Ended

Activity 1

1.What is a stolen card?

2.What is meant by bad checks and counterfeit?

3.How do businesses get affected by the above?

4. How can you recognize a Bahraini dinar is not a counterfeit?

Open Ended

How can you determine if a money is counterfeit or not?

Open Ended

Activity 2

1.What are the different kinds of cyber crime?

2.What are the different kinds of laws related to cyber crimes in Bahrain?

Video on cybercrime

https://searchsecurity.techtarget.com/definition/cybercrime

Open Ended

Who is more likely to be the victim of a crime: a small business or a large business?

Open Ended

Activity 3

What is the impact of natural disasters as risk for business.

What is the natural disaster that occurred recently and which affected the businesses around the world?

Open Ended

How a natural disaster that occurs in your community affects businesses?

Open Ended

Plenary

Give the main points of the lesson.