Companies Attempt to Manage the Risk of Something Happening That

question 4

Multiple Choice

Companies attempt to manage the risk of something happening that will have a negative or positive impact on the company's objectives, such as:

• A)Credit risks
• B)Litigation risk
• C)Reputation risk
• D)Ethics risks
• E)All of the above

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Definitions:

S Chart

A type of control chart used to monitor the variability within a sample, especially for processes that involve subgroups.

Three-Sigma Control Chart

A statistical tool used in quality control to monitor process variations, typically using a band of three standard deviations from the mean to identify outliers.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation means that the values tend to be close to the mean.

Process Capability

A statistical measure that determines a system's ability to produce output within specified limits.