No safeguard is ironclad;there is always a ________ that the safeguard will not protect the assets in all circumstances.
A)residual risk
B)diversifiable risk
C)portfolio risk
D)process risk

Question

Quizplus · Accepted Answer

Residual risk is the risk that remains even after implementing safeguards or risk management strategies. It is always present because no safeguard can guarantee complete protection from all possible risks or events. Therefore, option A is the best choice for the given statement. Option B, C, and D are not relevant to the concept of residual risk.

No Safeguard Is Ironclad;there Is Always a ________ That the Safeguard