Business Risk

question 90

Multiple Choice

Business risk:

• A)is the risk after considering the effectiveness of top management controls.
• B)is the risk that the client's internal controls will fail.
• C)can include a new technology which threatens to erode a company's competitive advantage.
• D)cannot be mitigated by management.

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Definitions:

Structure Meetings

The process of organizing and planning meetings to ensure they are focused, productive, and goal-oriented.

Centralized Organizational Culture

A type of corporate culture where decision-making and authority are concentrated at the top levels of the organization, leading to a more uniform policy and strategy throughout.

Crucial Organizational Decisions

Significant decisions that affect the direction, strategy, and operations of an organization.

Narrow Distribution

A strategy of distributing products or services to a limited number of outlets or specific targeted demographic.