This Is an Explanation of the Event or Events That

question 40

Multiple Choice

This is an explanation of the event or events that signal to the person monitoring that this risk is about to happen or has happened; it involves looking at the root cause of the risk.

• A) Mitigation
• B) Consequence
• C) Probability
• D) Trigger event

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.

Shareholders' Equity

The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.

Liabilities

Obligations a company owes to external parties, which can include loans, accounts payable, mortgages, and other debts due.

Assets

Resources owned by a company or individual that have economic value and can be used to meet debts or commitments.