As Described in the Text, a Statement of a Risk

question 2

Multiple Choice

As described in the text, a statement of a risk includes

• A) Agent, threat, asset, damage
• B) Agent, action, damage, threat
• C) Agent, action, asset, damage
• D) Threat, asset, action, damage

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Definitions:

Cash Controls

Procedures and policies that are implemented to manage and safeguard a company's cash transactions.

Theft

The act of stealing; specifically, the unlawful taking of another's property with the intent to permanently deprive the owner of it.

Cash Account

A financial record that tracks all cash receipts and disbursements within a business or organization.

Collections

The process of pursuing and receiving payments owed to a business from its customers or debtors.