What Is the Name Given to the Process of Evaluating

question 10

Multiple Choice

What is the name given to the process of evaluating risks and minimizing the costs associated with those risks?

• A) Financial management
• B) Risk management
• C) Management planning
• D) Loss prevention

---

Definitions:

Interim Income Tax Expense

The estimated taxes a company incurs during an interim period, before the end of its fiscal year.

Estimated Average

A statistical measure that represents an approximation of the central tendency of a set of figures.

IAS 34

Refers to the International Accounting Standard that guides interim financial reporting, requiring companies to provide timely and reliable information that is comparable over time.

Discreet Approach

A method of implementing changes or segments within a business or project in a separate, distinct manner, often used to monitor the success or failure of initiatives independently.