The Function of Analyzing and Evaluating All of the Risks

question 20

Multiple Choice

The function of analyzing and evaluating all of the risks that affect an organization is called _____.

• A) enterprise risk management
• B) litigation support
• C) quality review
• D) root-cause analysis

---

Definitions:

RUPA

The Revised Uniform Partnership Act, which provides a legal framework for the operation of partnerships in the United States.

Intent

The state of mind with which an act is done, characterized by a decision to bring about a specific result, often a crucial aspect in both criminal and contract law.

Limited Liability

A legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.

Income Taxes

Taxes imposed by the government on the income earned by individuals and businesses over a fiscal period.