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Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan May have documented action plan

Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan May have documented action plan

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan O May have documented action plan
Transcribed Image Text:Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan O May have documented action plan
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