Which of the Following Is the First Step to Risk

question 71

Multiple Choice

Which of the following is the first step to risk management?

• A) Risk identification
• B) Risk assessment
• C) Risk response development
• D) Risk response control
• E) Risk qualitative / quantitative analysis

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Definitions:

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.

Check

A written order directing the bank to pay a certain sum to a designated party.

Check Register

A record book or digital log used to track checks written, deposits made, and current account balances.

Deposit

A sum of money placed into an account or given as a part payment towards a purchase, often to secure it or show commitment.