Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The residual risk associated with a particular risk response alternative equals the: a. likelihood that remains after the alternative is implemented multiplied by the impact

The residual risk associated with a particular risk response alternative equals the:

a. likelihood that remains after the alternative is implemented multiplied by the impact that remains after the alternative is implemented.

b. likelihood that remains after the alternative is implemented multiplied by the risk response cost.

c. likelihood that remains after the alternative is implemented divided by the impact that remains after the alternative is implemented.

d. likelihood that remains after the alternative is implemented divided by the risk response cost.

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

Step: 3

blur-text-image

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

Auditing The Ultimate Guide To Performing Internal And External Audits

Authors: Greg Shields

1st Edition

1647483344, 978-1647483340

More Books

Students also viewed these Accounting questions