Describe the Three Different Categories of Risk Events That Occur

question 12

Essay

Describe the three different categories of risk events that occur during the control risk process,and some of the risk resolution strategies that might be used for each.

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Definitions:

Taxing

The act of imposing financial charges or other levies upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures.

Spending Bills

Legislation proposed for the purpose of authorizing government expenditure.

Demographic Makeup

The composition of a specific population, analyzed through factors such as age, race, gender, income, and education.

Congress

The legislative body of a government, particularly in the United States, composed of the House of Representatives and the Senate, tasked with creating, debating, and passing laws.