The First Step of the Risk Assessment Process Is Generally

question 117

Multiple Choice

The first step of the risk assessment process is generally to

• A)identify controls to reduce all risk to zero.
• B)estimate the exposure from negative events.
• C)identify the threats that the company currently faces.
• D)estimate the risk probability of negative events occurring.

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Definitions:

Virginia and Kentucky Resolutions

Political statements drafted in 1798 and 1799, in which the Kentucky and Virginia legislatures took the position that the federal Alien and Sedition Acts were unconstitutional.

Economic Plan

A strategic or tactical plan implemented by a government or organization to foster economic growth or address economic issues.

Gabriel's Rebellion

An unsuccessful slave rebellion led by Gabriel Prosser in 1800 in Richmond, Virginia, aiming to achieve freedom for African-American slaves.

Slave Leaders

Individuals who assumed leadership roles during periods of slavery, often organizing revolts, escapes, or advocating for the rights and freedom of enslaved people.