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Risk response benefit can be defined as: the difference between an inherent risk and a residual risk produced by a particular risk response. the benefit
Risk response benefit can be defined as:
the difference between an inherent risk and a residual risk produced by a particular risk
response.
the benefit of the risk response minus the cost of risk response.
the sum of an inherent risk and a residual risk produced by a particular risk response.
the difference between the incremental cost incurred by a company to implement a
particular risk response and the residual risk.
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