A Risk Response Matrix Contains All of the Following Except

question 66

Multiple Choice

A Risk Response Matrix contains all of the following except

• A)Contingency plan
• B)Trigger
• C)Who is responsible?
• D)Response
• E)All of these are included in the matrix

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Definitions:

Unrealized Loss

A decrease in the value of an investment that has not yet been sold and therefore not officially recorded as a loss in the accounting records.

Realized Losses

Refers to the loss recognized when assets are sold for a price lower than their original purchase price.

Fair Value Through Profit

A method where financial assets are revalued to their current market prices on the balance sheet, and fluctuations are reported in the profit or loss statement.

Other Comprehensive Income

Components of comprehensive income that are not part of net income, including items that have not yet been realized as cash, such as unrealized gains or losses on investments.