When Developing the Organization's First Risk Universe, Which of the Following

question 259

Multiple Choice

When developing the organization's first risk universe, which of the following would the chief audit executive be least likely to consider?

• A) The amount of risk that an organization is willing to seek or accept.
• B) The extent and degree of interdependency for identified key risks.
• C) The boundaries established to manage the amount of risk taken.
• D) The exposure to risks following management's risk responses.

---

Definitions:

Sexual Response

A series of physiological and emotional changes that occur in the body as a result of sexual stimulation.

Phase

A distinct period or stage in a process of change or forming part of something's development.

Male

Relating to the sex that in species with sexual reproduction is typically associated with XY chromosomes, producing sperm, and characterized by certain physical features.

Female

Refers to the sex that is typically associated with producing ova or eggs and has reproductive anatomy which includes structures such as ovaries and a uterus in mammals.