Which Statement Describes the Responsibilities of a Risk Actionee

question 44

Multiple Choice

Which statement describes the responsibilities of a risk actionee?

• A) Identifying risks to the project that might occur in their department
• B) Owning and authorizing the use of the risk budget to fund risk responses
• C) Managing, monitoring and controlling of all aspects of an assigned risk
• D) Carrying out a risk response action to respond to a particular risk

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Definitions:

Relevant Information

Relevant information comprises data that is applicable and helpful in making decisions, particularly in the context of financial and managerial accounting.

Qualitative Characteristic

Attributes that make the information provided in financial statements useful to users, including relevance, understandability, comparability, and reliability.

Cost Constraint

The principle that the cost of providing financial information should not outweigh the benefits that the information provides to users.