Generally in a Risk Assessment Process,the First Step Is to

question 34

Multiple Choice

Generally in a risk assessment process,the first step is to

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

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Definitions:

Federal Unemployment Taxes

Taxes imposed on employers to fund the federal government's oversight and support of state unemployment insurance programs.

Employer

An individual or organization that hires and pays for the services of employees in exchange for their labor.

General Journal Entry

A record in the accounting journal that represents a specific financial transaction, detailing the accounts affected and the amounts involved.

Payroll

The total amount of wages, salaries, bonuses, and deductions a business pays to its employees.