In Our Technological and Information Age, Every Person Involved in Finding

question 5

Short Answer

In our technological and information age, every person involved in finding solutions to lower the adverse impact of risks uses _____, which are data bases that provide information with which to compute the frequency and severity, explore difficult-to-identify risks, and provide forecasts and cost-benefits analyses.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by companies to finance their operational expenses.

U.S. Treasury Bills

Short-term government securities issued by the U.S. Treasury with a maturity of one year or less, often used as a risk-free investment option.

Sarbanes-Oxley

A U.S. law enacted in 2002 aimed at protecting investors from fraudulent financial reporting by corporations, enhancing corporate governance and accountability.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing and improving standards of financial accounting and reporting in the U.S.