The Main Goal in Risk Assessment Is Which of the Following

question 91

Multiple Choice

The main goal in risk assessment is which of the following?

• A) To achieve the lowest possible losses associated with risks identified in the assessment process
• B) To reduce risks to the minimum level possible consistent with factors of assessment involved
• C) To provide "reasonable assurance" and an acceptable level of risk while achieving the lowest total cost (cost of controls added to loss from risk)
• D) To establish the most comprehensive control activities possible at a reasonable cost to the organization

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Definitions:

High-Paying Occupations

Jobs that offer wages significantly above the average for all occupations.

Domestic Output

The aggregate monetary value of goods and services created within a country's borders throughout a specified period.

Discrimination Coefficient

A measure used to quantify the extent to which prices are adjusted based on customer characteristics in markets where price discrimination occurs.

African Americans

A racial or ethnic group in the United States characterized by an ancestry linked to Africa, particularly sub-Saharan Africa.