Review and Evaluate Is an Important Step in the Risk

question 115

Multiple Choice

Review and evaluate is an important step in the risk management process because

• A)conditions change and mistakes may be identified.
• B)it is nearly impossible to evaluate risk effectively.
• C)of the challenges in identifying small business risks.
• D)of the difficulty in selecting effective methods.

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Definitions:

Accounting Records

Documentation and books that record all of the financial transactions of a business.

Property Taxes

Levies imposed by local governments on real estate owners based on the value of their property to fund public services such as schools, roads, and emergency services.