With Which Stakeholders Should an Organisation Communicate and Consult in Relation

question 19

Multiple Choice

With which stakeholders should an organisation communicate and consult in relation to risk management?

• A) Employees
• B) Employees, contractors and suppliers
• C) Any stakeholders involved in or affected by the risks facing the organisation
• D) All of the organisation's stakeholders
• E) Only those stakeholders affected by the risks facing the organisation

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Definitions:

Selling and Administrative Expense Budget

A financial plan that estimates future selling expenses and administrative costs.

Cash Receipts

The total amount of cash collected by a business during a specific period, including revenues from sales and other transactions.

Expected Sales

The forecasted quantity of products or services a business expects to sell in a specific period.

Controlling Profit

The process of managing and manipulating the revenue and expenses of a business to ensure profitability.