Which of the following is true of a residual risk? Select one a. A residual risk is a risk that exists absent of any risk management action to reduce or avoid the risk. b. A residual risk is a risk that can be avoided by enacting some particular procedure to decrease the residual risk to a lower inherent risk level. c. A residual risk is a risk that remains after any risk management action has been taken. O O d. A residual risk is the probability or likelihood of a risk occurring multiplied by the impact should it actually occur. Which of the following is true of corporate sustainability reporting? Select one a. Corporate sustainability reporting is synonymous with traditional financial reporting b. Corporate sustainability reporting must adhere to generally accepted accounting principles. c. Corporate sustainability reporting is required to have the report contents verified by an independent third party. O O d. Corporate sustainability reporting is voluntary in nature The disadvantage of a payback period is that it: Select one a. ignores the project's total profitability b. considers the time value of money c. considers total profitability, requiring the forecasting of all future cash flows. O d. uses an internal rate of return to calculate profitability e. uses operating income rather than cash flows