Which of the Following Is Described as Placing Responsibility for Addressing

question 213

Multiple Choice

Which of the following is described as placing responsibility for addressing the potential effects of an uncertain future event on an entity outside the organization?

• A) Risk avoidance:e
• B) Risk transfer
• C) Risk exploitation
• D) Risk mitigation

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the business's operating cycle, whichever is longer.

Fixed Asset Turnover Ratio

A financial metric that measures a company's ability to generate net sales from its fixed assets, such as plant, property, and equipment, indicating efficiency in using these assets to generate revenue.

Marketing Efforts

Initiatives undertaken by a company to promote and sell its products or services to its target market.

Total Assets

The sum of all owned resources with economic value that a company or individual possesses.