When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important? a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls b. Monitoring should focus on established, not emerging, risks c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis Question 46 An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy? Avoidance Reduction Sharing Elimination Question 47 Stakeholders are individuals or groups who a. Dominate the strategy development process in an organization b. Determine operational issues c. Are the shareholders in key competitors d. Can affect or be affected by the achievement of an organization's objectives
When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important? a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls b. Monitoring should focus on established, not emerging, risks c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis Question 46 An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy? Avoidance Reduction Sharing Elimination Question 47 Stakeholders are individuals or groups who a. Dominate the strategy development process in an organization b. Determine operational issues c. Are the shareholders in key competitors d. Can affect or be affected by the achievement of an organization's objectives
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question 45
When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important?
a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls
b. Monitoring should focus on established, not emerging, risks
c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur
d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis
Question 46
An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?
Avoidance
Reduction
Sharing
Elimination
Question 47
Stakeholders are individuals or groups who
a. Dominate the strategy development process in an organization
b. Determine operational issues
c. Are the shareholders in key competitors
d. Can affect or be affected by the achievement of an organization's objectives
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