Following statements define risk EXCEPT:
A) Organization has knowledge of facts constituting a dangerous condition
B) Organization voluntarily exposes itself to the danger
C) The element of assurance in an undertaking
D) Measured in terms of impact and likelihood
Correct Answer:
Verified
Q9: "Ongoing monitoring activities are conducted to periodically
Q10: The responsibility for preparing and presenting the
Q11: Risk is the probability that an event
Q12: Risks inherent in the management process are
Q13: Which of the following is a limitation
Q15: Low-risk scores are those with an average
Q16: Enterprise risk management encompasses all EXCEPT:
A) Aligning
Q17: There are multiple sets of attribute and
Q18: Strategic planning is the process of taking
Q19: "Internal auditors make a balanced assessment of
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