Risks with Low Ratings of Probability and Impact Are Included

question 267

Multiple Choice

Risks with low ratings of probability and impact are included on a ____ for future monitoring.

• A) Watchlist
• B) Risk alarm
• C) Observation list
• D) Risk register

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Definitions:

Open Purchase Orders

These are purchase orders issued by a business that have not yet been fulfilled or invoiced by the supplier.

Physical Inventory Worksheet

A document used to record the actual count of physical inventory on hand at a specific point in time.

Purchase Orders

Purchase orders are formal documents issued by a buyer to a seller, specifying types, quantities, and agreed prices for products or services.

Financial Statements

Comprehensive reports that detail an entity's financial activity and current financial condition, including the balance sheet, income statement, and cash flow statement.