a. An organization may accept the risk if it is prepared to absorb or mitigate the impact of the risk. b. An organization may take the risk but tries to lower the impact and possibility of occurrence of the risk. c. An organization may take the risk but not the return
a. An organization may accept the risk if it is prepared to absorb or mitigate the impact of the risk. b. An organization may take the risk but tries to lower the impact and possibility of occurrence of the risk. c. An organization may take the risk but not the return
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which is not an organization's response to risks? *
a. An organization may accept the risk if it is prepared to absorb or mitigate the impact of the risk.
b. An organization may take the risk but tries to lower the impact and possibility of occurrence of the risk.
c. An organization may take the risk but not the returns that come with it.
d. An organization may opt not to take the risk by avoiding the activity with associated risk.
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