Chapter 18 presented special risk management issues with blue wood chocolates, and chapter 19 presented various financial risks at kilgore custom milling. if blue wood chocolate and kilgore custom milling are to develop a risk management framework, who should lead the process at each company? should a chief risk officer (cro) be appointed? if so, to whom should he/she report and have access to? how could smaller companies without the resources for a dedicated cro deal with erm? what is the role for the board in such a process?

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.