Risk Management Is an Organized Strategy for Protecting Assets and People

question 26

Multiple Choice

Risk management is an organized strategy for protecting assets and people and is considered a ________.

• A)one month process
• B)short-range process
• C)medium-range process
• D)long-range process
• E)non-planning process

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Definitions:

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business.

Controller

A senior financial officer within a company responsible for overseeing accounting operations, financial reporting, and internal controls.

Operating Cycle

The duration of time from the purchase of inventory to the collection of receivables from the sale of that inventory, critical for managing cash flow.