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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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An organization’s overall desired level of risk taking is referred to as its

  1. a. riskiness.
  2. b. inherent risk.
  3. c. monitoring ability.
  4. d. risk appetite.

To determine

Identify the option which is used to describe the organization’s overall desired level of risk taking.

Explanation

Enterprise Risk Management:

Enterprise risk management is a process in which, business risks are maintained at a level decided by the management, so that the strategic plans of the organization are achieved. This means that risks are maintained at a level that satisfies both the risk appetite as well as objectives of the organization.

d.

Organization may decide to assume higher level, medium level or low level of risk. This desired level of risk taking is known as risk appetite of the company. Therefore, this is the correct option.

a...

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