Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management? I. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels. II. Accounting can provide the cost-benefit analysis of all the risk responses. II. Accounting can help integrate key risk indicators into the organisation's balanced scorecard. IV. Accounting can motivate managers to take more risks in their decision-making. V. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure. O Options I, II, III and V only. O Options I, II, and IV only. O Options III, IV, and V only. O Options I, II, III and VI only.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

answer question in photo plz

Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management?
1. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels.
II. Accounting can provide the cost-benefit analysis of all the risk responses.
III. Accounting can help integrate key risk indicators into the organisation's balanced scorecard.
IV. Accounting can motivate managers to take more risks in their decision-making.
v. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure.
Options I, II, III and V only.
O Options I, II, and IV only.
Options III, IV, and V only.
O Options I, II, III and VI only.
Transcribed Image Text:Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management? 1. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels. II. Accounting can provide the cost-benefit analysis of all the risk responses. III. Accounting can help integrate key risk indicators into the organisation's balanced scorecard. IV. Accounting can motivate managers to take more risks in their decision-making. v. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure. Options I, II, III and V only. O Options I, II, and IV only. Options III, IV, and V only. O Options I, II, III and VI only.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cultural diversity
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON