In Risk _________, You Continue Operating with No Controls

question 70

Multiple Choice

In risk _________, you continue operating with no controls.

• A) Acceptance
• B) Limitation
• C) Management
• D) Transference

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Definitions:

Total Expenses

The sum of all costs and expenses associated with operating a business or executing a project.

Profit

The financial gain obtained when the revenue from selling goods or services exceeds the costs associated with production and distribution.

Linked Prosperity

A business philosophy that emphasizes creating economic value in a way that also produces value for society by addressing its challenges.

ISO 9000

A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements to be implemented to maintain an efficient quality system.