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Which of the following statements best describes the usefulness of provisions and reserves in the management of certain risks? Select one: a. They are the

Which of the following statements best describes the usefulness of provisions and reserves in the management of certain risks?

Select one:

a. They are the only way management can know what risks they have.

b. They are included in the annual report of the Company.

c. They represent funds withheld from distribution to the shareholders to protect the organisation against the effects of possible future losses.

d. They are not useful in the risk management process.

e. They are required by accounting standards.

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