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:

Bonds Payable

A classification in accounting for debts of a corporation due to be paid to bondholders at a specified date.

Operating Activities Section

Part of a cash flow statement that shows the cash generated or used in the primary revenue-producing activities of the business.

Land for Cash

Land for cash refers to the transaction in which real property is sold for cash payment without any financing involved.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows over a given period.