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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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