Which of the Following Helps Identify Potential Events That May

question 28

Multiple Choice

Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?

• A)Risk aversion
• B)Risk benchmarking
• C)Risk assessment
• D)Risk minimization

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Definitions:

Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism in behavior.

Behavioral Assessment

A method used in psychology to observe, describe, explain, and predict behavior through a variety of techniques, including interviews and direct observation.

Time-Consuming

Describes activities or tasks that require a considerable amount of time to complete, often implying a trade-off with efficiency or productivity.

Observer Influence

The effect that the presence or actions of an observer can have on the behavior of the subject being studied.