Match the Word to the Appropriate Sentence to Complete the Risk

question 34

Multiple Choice

Match the word to the appropriate sentence to complete the risk response definition.
-Reduce

• A)An entity reduces risk likelihood or risk impact by ________ the risk with another entity.
• B)This risk response refers to actions taken to ________ risk likelihood, risk impact, or both.
• C)When an entity responds to risk with ________, the entity takes no action to affect risk likelihood or risk impact.
• D)This risk response involves ________ or exiting the activities that give rise to the risk.

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Definitions:

International Transaction

An international transaction refers to a business or financial exchange crossing national borders, involving trades of goods, services, or capital.

Arbitration Agreement

A contract in which two or more parties agree to settle a dispute outside of the court system, typically through the decision of a neutral third party.

Federal Judge

A judge appointed by the president of the United States and confirmed by the Senate, serving within the federal court system.

Arbitration Agreement

A written contract in which two or more parties agree to settle a dispute outside of court through the arbitration process.