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1. 2. Which of the following is true of an inherent risk? a. An inherent risk is the probability or likelihood of a risk occurring
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Which of the following is true of an inherent risk? a. An inherent risk is the probability or likelihood of a risk occurring multiplied by the impact should it actually occur. b. An inherent risk can be defined as the difference between the risk response benefit and the residual risk produced by the particular risk response. Oc. An inherent risk is the risk that remains after any risk management action has been taken. d. An inherent risk is avoided by enacting some particular procedure to decrease the inherent risk to a lower residual risk levelStep by Step Solution
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