In Creating a Risk-Based Plan, Which of the Following Best

question 118

Multiple Choice

In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

• A) Identifying the processes at the activity level.
• B) Analyzing the organization's strategic plan where the business processes are defined.
• C) Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
• D) Identifying the risks affecting the organization, the objectives, and then the processes concerned.

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Definitions:

Strategic Objective

A planned goal that an organization strives to achieve to guide its long-term plans and align its resources.

Performance Metrics

Quantitative measures used to evaluate, compare, and track performance or production across different periods or against specific objectives.

Performance Targets

Specific goals set by a company or individual to measure progress and achievement over a period.

Performance Metrics

Quantitative measures used to gauge an organization's performance in various areas, enabling managers to assess productivity, efficiency, and effectiveness in meeting objectives.