The Three Risk Management Controls Are

question 22

Multiple Choice

The three risk management controls are:

• A) Preventative, deterrence and collateral.
• B) Preventative, detective and collateral.
• C) .Proforma, detective and corrective.
• D) .Preventative, detective and corrective.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or equation, typically affecting the shape of the distribution.

Mean and Variance

Statistical measures where mean is the average of a set of numbers, and variance quantifies the spread of the numbers in the set.

Distribution

The way in which something is shared out among a group or spread over an area, especially referring to the statistical arrangement of values in a dataset.

Shape

In statistics, the geometric form of a distribution that describes how data is organized or spread out.