Which of the Following Is True Regarding Roles and Responsibilities

question 398

Multiple Choice

Which of the following is true regarding roles and responsibilities in risk management processes?

• A) Setting strategic direction resides with senior management.
• B) Ownership of risks resides with the board.
• C) Acceptance of residual risk resides with executive management level.
• D) Identifying, assessing, mitigating and monitoring activities on a continuous basis rests with the internal audit activity.

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Definitions:

Prescriptions

Authorized directions provided by a licensed healthcare practitioner for the preparation and administration of a remedy or treatment.

Proscriptions

Rules or laws that forbid certain actions or behaviors.

Crowd

A temporary gathering of people in a public place; members might interact but do not identify with each other and will not remain in contact.

Aggregate

A collection or sum of many individual elements, items, or variables often used in the context of data analysis or statistics.