Management Has the Responsibility, and the Ability, to Take Action

question 28

Multiple Choice

Management has the responsibility, and the ability, to take action to reduce risks or to lessen the impact al nearly all risks an organization faces.The steps taken by management to lessen the risk or reduce the impact of the risk, are referred to as:

• A)Programs
• B)Risk assessment
• C)Information evaluation
• D)Controls

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Definitions:

Budget Line

A visual depiction of every potential mix of two products that a consumer can purchase, considering their income and the cost of these items.

Linear Relationship

A direct relationship between two variables that can be represented by a straight line on a graph.

Vertical

In business and economics, it refers to the integration of various stages of production and distribution under the control of a single company.

Two-Dimensional Graph

A visualization tool showing the relationship between two variables on a plane, with one variable along the x-axis and the other along the y-axis.