What Is the Final Step in Failure Modes and Effects

question 39

Multiple Choice

What is the final step in failure modes and effects analysis?

• A) Describe effects of each failure mode.
• B) Estimate likelihood of failure.
• C) Eliminate or reduce highest risks.
• D) Estimate failure detection.
• E) Determine hazard likelihood and categorize.

Apply the principles of the fraud triangle to understand risks and prevention measures.

Grasp the significance of proper authorization and documentation in the internal control system.

Identify the anatomical structures of the digestive and respiratory systems.

Understand the functions of various organs in the digestive system.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of values, indicating how much the values differ from the average of the set.

Coefficient Of Correlation

A statistical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a stronger relationship.

Decreases

To become smaller or less in size, amount, intensity, or degree.

Portfolio Returns

The gain or loss on an investment portfolio, measured over a specific period of time.