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What two axes are typically used in a risk control map? Explain what the two parallel dashed lines in exhibit

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What two axes are typically used in a risk control map? Explain what the two parallel dashed lines in exhibit 5-16 signify.

Exhibit 5-16

Transcribed Image Text:

Critical RISK SIGNIFICANCE Low Low 1 Critical CONTROL EFFECTIVENESS 2 RISK SIGNIFICANCE Moderate 9 Low 5 High

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The two axes typically used in a risk control map are Risk significance This is a measure of the impact and likelihood of a risk Control effectiveness …View the full answer


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Chapter # 5
Section: Review question
Problem: 15
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Question Posted: August 10, 2023 14:23:40
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