Put the Listed Steps in the Corresponding Parentheses in the Risk

question 2

Essay

Put the listed steps in the corresponding parentheses in the risk assessment and response approach diagram below.
(A)Avoid,share or accept risk
(B)Reduce risk by implementing controls
(C)Is it cost beneficial to protect the firm from the risk?
(D)Estimate the likelihood of each risk occurring
(E)Identify control to mitigate the risk
(F)Estimate the costs and benefits from instituting controls
(G)Identify the risks
(H)Estimate the impact or potential loss,from each risk

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Definitions:

Validity

The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Reliability

The consistency and dependability of a test, measurement, or system in producing stable and accurate results over time.

Cultural Competence

The ability of individuals or organizations to understand and respect cultural differences and effectively interact with people from diverse cultures.

Evaluation Efforts

The systematic process of determining the worth, significance, or value of an activity, project, or program, often through the collection and analysis of data.