____ Is the Quantity and Nature of Risk That Organizations

question 46

Multiple Choice

____ is the quantity and nature of risk that organizations are willing to accept as they evaluate the trade-offs between perfect security and unlimited accessibility.

• A) Residual risk
• B) Risk appetite
• C) Risk assurance
• D) Risk management

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Definitions:

Executory Conditions

Provisions in a contract that require certain actions to be performed before an obligation becomes absolute.

Concurrent Conditions

In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.

Express

Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.

Executory

A term applied to a contract in which not all of the terms have been fully performed.