Use the Following Graph of the Cost/benefit Model for Risk

question 84

Multiple Choice

Use the following graph of the cost/benefit model for risk analysis to answer the next five questions.

-What does (3) represent?

• A) Total cost
• B) Loss area
• C) Cost of controls
• D) Level of assurance
• E) Optimal point of reasonable assurance C

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Definitions:

Wrongful Conduct

Actions or behaviors by an individual or entity that are illegal or morally inappropriate.

Compensatory Damages

Monetary compensation awarded to a plaintiff to cover actual losses, damages, or injuries as directly resulting from the actions of the defendant.

Intentional Tort

A civil wrong resulting from actions deliberately undertaken by one person intending to cause harm or injury to another.

Attorney Fees

Costs for legal services provided by a lawyer or law firm which a court may order the losing party to pay or that may be included in a settlement.