quiz 11

Explain the equation HxP=R Name each component      What is the significance of each component? How the equation is used in Risk Management and in developing the risk matrix? How the outcome of this formula will impact an agencies appetite for risk?   Is that risk appetite a constant, and what factors may go into the modification of that agency risk appetite?

6. True or False: Residual risk is the risk that exists once risk responses have been implemented in an organization.  A True  B False

1. What are some questions which should be addressed in the risk management plan? 2. What is the difference between brainstorming and the Delphi technique when identifying risks? 3. Choose one of the tools associated with risk management and explain its advantages/disadvantages

The best investment ____________________. Select one or more: a. maximizes reward b. maximizes Sharpe c. minimizes risk d. eliminates risk

3. Risk registers would normally detail which of the following: (Select all that apply.) A. Risk level before controls are implemented B. Risk lével after controls are implemented C. Responsibility for managing risks D. The total cost of a control being implemented Answer: Page 3 of 11 ted States) E Focus МacВook Pro

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To effectively manage risk, the first step is to: Multiple Choice purchase liability insurance. create an emergency cash fund. establish prevention programs. eliminate all international risks. identify and eliminate all strategic risks. X

The risk associated with inefficient use of inputs or over-provision of services is ⚫ A. An actuarial risk • B. A utilization risk⚫ C. A cost risk. D. A financial risk

Company management completes event identification and assesses the severity of risk. Management then acts to alter the severity of risk. According to COSO’s ERM framework, the risk remaining after management’s actions is   A. Inherent risk. B. Actual residual risk. C. Event risk. D. Target residual risk.

2002/sTAudit risk modela. what it isb. where and when it is used by the auditor c. how it affects the work of the auditorδ. What are the components of the model and what do they mean?

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working