Question
According to ISO31000:2018 - Risk Management, risk is the effect of uncertainty on objectives. Based on this definition how can we explain effect? a. Risk
According to ISO31000:2018 - Risk Management, risk is the effect of uncertainty on objectives. Based on this definition how can we explain effect?
a.
Risk tolerance determines the effect.
b.
A negative deviation from what is expected.
c.
The context determines the effect.
d.
A positive or negative deviation from what is expected.
e.
Risk appetite determines the effect.
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
