​Risk Response Net Benefit Is Measured as The

question 66

Multiple Choice

​Risk response net benefit is measured as the:

• A) ​difference between an inherent risk and a residual risk produced by a particular risk response.
• B) sum of an inherent risk and a residual risk produced by a particular risk response.
• C) ​benefit of risk response minus the cost of risk response.
• D) ​difference between the incremental cost incurred by a company to implement a particular risk response and the residual risk.

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Definitions:

Business Ethics

Refers to the study and evaluation of decision-making processes within businesses, helping to determine what moral standards those decisions should adhere to.

Ethical Issue Awareness

The recognition and understanding of ethical dilemmas or problems within a specific context or organization.

Understanding

The ability to comprehend, grasp the meaning of, or assign significance to something.

Conflicts of Interest

Situations where an individual's personal interests might compromise their judgment or actions in their professional role.