The Amount of Risk a Company Is Willing to Accept

question 85

Multiple Choice

The amount of risk a company is willing to accept in order to achieve its goals and objectives is

• A) Inherent risk
• B) Residual risk
• C) Risk appetite
• D) Risk assessment

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Definitions:

Parallel Parking

A method of parking a vehicle parallel to the road, in line with other parked vehicles.

Closed Circulatory System

A type of circulatory system where blood is confined to vessels and is kept separate from the interstitial fluid.

Earthworms

Invertebrate animals with a long, segmented body, living in soil and contributing to soil fertility through their activity.

Scorpions

Arthropods belonging to the class Arachnida, characterized by their venomous sting, used to kill prey and for defense.