Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each risk
Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each risk
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Companies that are developing a formalized risk management process are
encouraged to document and specify the desired outcomes associated with each risk
identified. What is the purpose of this activity?
- Listing the outcomes desired by the organization creates a basis for prioritizing
risks
- Listing the outcomes desired by the organization creates a basis for
determining which mitigation strategies should be pursued
- Listing the outcomes desired by the organization creates a basis for assessing
the potential impact of risks
- Listing the outcomes desired by the organization creates for assessing the
costs associated with each risk
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