Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An organization has implemented several risk mitigation strategies to reduce and identified risk. The risk control measures are sufficient when: A. risk avoidance is justified

An organization has implemented several risk mitigation strategies to reduce and identified risk. The risk control measures are sufficient when:

A.

risk avoidance is justified by cost benefit analysis

B.

the residual risk is less than or equal to the risk acceptance level

C.

the risk acceptance level is less than or equal to the total risk level

D.

risk mitigation is equal to annual loss expectancy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen

6th International Edition

0071121234, 978-0071121231

More Books

Students also viewed these Finance questions