​After Determining Risk Appetite, Enterprise Risk Management Process Immediately Involves

question 84

Multiple Choice

​After determining risk appetite, enterprise risk management process immediately involves:

• A) ​assessing top risks at the inherent level.
• B) ​managing risks such that the remaining residual risks align with the organization's risk appetite.
• C) ​revaluating the accuracy of the management's risk assessments.
• D) ​identifying the most important risks.

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Definitions:

FOB Destination

A shipping term indicating that the seller bears delivery costs and retains ownership until the goods are delivered to the buyer.

Sales Bonuses

Additional compensation given to employees, usually sales personnel, based on performance and achievement of sales targets.

Ownership

Refers to the legal rights and interests a person or entity has in a property, asset, or business, entitling them to use, manage, and enjoy its benefits.

Owner's Drawings

Withdrawals made by the owner from the business for personal use, considered as a reduction in the equity.