In Order to Provide Useful Information for an Organization's Risk

question 121

Multiple Choice

In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?

• A) The underlying causes of the risk.
• B) The impact of the risk on the organization's objectives.
• C) The risk levels of current and future events.
• D) The potential for eliminating risk factors.

---

Definitions:

Economic Output

The total value of all goods and services produced by an economy over a specific time period.

National Sales Tax

A tax levied on retail sales of goods and services at the national level, typically a percentage of the sales price.

Low-Income

Describes individuals or families that earn significantly less than the median income of their locality, often leading to limited access to goods and services.

Positive Economics

The branch of economic study that focuses on objective analysis and descriptions of how economies work, without making value judgments.