ISO ____ Is the ISO Standard for the Performance of Risk

question 49

Multiple Choice

ISO ____ is the ISO standard for the performance of risk management,and includes a five-stage risk management methodology.

• A) 27001
• B) 27002
• C) 27004
• D) 27005

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Definitions:

Comprehensive Income

The net alteration in owners' equity over a reporting period, excluding owner transactions, encompassing all unrealized profits and losses.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction, often serving as the foundation for financial reporting.

Financial Flexibility

The ability of an organization to maneuver its financial resources to respond to unforeseen opportunities or challenges.

Return on Investment

Return on Investment (ROI) measures the gain or loss generated from an investment relative to its cost, indicating the efficiency of the investment.