Joe is well aware of the huge losses his company incurred due to a few unplanned investments in technology shares. He needs to prepare a report that brings out the lessons learned from this debacle. Reports of this kind are examples of ________.
A) problem-solving reports
B) trouble-shooting reports
C) failure analysis reports
D) due diligence reports

Question

Quizplus · Accepted Answer

A failure analysis report is a type of report that analyzes and explains a failure or setback in order to learn from the experience and prevent similar failures in the future. In this case, Joe is preparing a report to analyze and learn from the losses incurred by his company, making it a failure analysis report. A problem-solving report would focus more on proposing solutions to a current problem, while a trouble-shooting report would focus on identifying and resolving specific issues or incidents. A due diligence report, on the other hand, is typically prepared before a business transaction to assess the risks and benefits involved.

Joe Is Well Aware of the Huge Losses His Company