Risk Assessment Is a Process Designed To

question 74

Multiple Choice

Risk assessment is a process designed to:

• A)Identify possible circumstances and events that may affect the business
• B)Establish policies and procedures to carry out internal controls
• C)Identify and capture information in a timely manner
• D)Review the quality of internal controls throughout the year

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Managerial Abuse

Involves inappropriate or unethical behavior by managers towards their subordinates, including exploitation, discrimination, or harassment.

Objective Standards

Benchmarks or criteria that are based on facts and are impartial, allowing for fair assessment or decision-making.

Managerial Insistence

The practice where management steadfastly maintains or enforces its policies, decisions, or authority, sometimes at odds with employee or union preferences.