All the Following Are Problems of Risk Management Information Systems

question 29

Multiple Choice

All the following are problems of risk management information systems (RMIS) except:

• A)can generate massive amount of reports and data and slow down analysis
• B)data inaccuracy and integrity can cause false reports
• C)the speed of generating and the usefulness of the information can slow most analysis down
• D)the large number of variables that need to be tracked can be difficult to isolate

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Definitions:

Functional Currency

The primary currency used by a business entity in its financial statements, reflecting the economic environment in which it primarily operates.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Financial Statements

Formal records that outline the financial activities and conditions of a business, individual, or other entity.

Plant and Equipment

Tangible long-term assets owned by a firm, used in the production or supply of goods and services, such as machinery and buildings.