Risk Assessment Is Best Described By

question 62

Multiple Choice

Risk assessment is best described by:

• A)Internal and external events affecting achievement of an entity's objectives must be identified, distinguishing between risks and opportunities.
• B)Management selects whether to avoid, accept, reduce, or share risk - developing a set of actions to align risks with the entity's risk tolerances and risk appetite.
• C)The entirety of enterprise risk management is monitored and modifications made as necessary.
• D)The likelihood and impact of risks are analyzed, as a basis for determining how they should be managed.

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Definitions:

File Name

The designated name given to a file, which is used for identifying and locating the file within a storage system.

File Type

A designation that identifies the format of a file and the type of data it contains.

File Property

A set of metadata about a file, such as its name, type, size, and creation or modification dates.

Quotation Marks

Symbols that come in pairs within different writing systems to highlight direct conversations, quotations, or specific phrases.