​Risk Response Benefit Can Be Defined As

question 39

Multiple Choice

​Risk response benefit can be defined as:

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

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Definitions:

Tell, Show, Tell Rule

A communication technique where information is first stated, then demonstrated or illustrated, and finally reiterated to enhance understanding.

Implicit Favorite

An underlying preference or bias for a particular option or person that is not explicitly acknowledged.

Preferred Choice

The option that is most favorable or desirable to an individual or group based on their values, needs, or available information.

Emotions

Complex psychological states that involve subjective experience, physiological response, and behavioral or expressive response.