Question: In the COSO enterprise risk management framework, the term risk tolerance refers to a. The level of risk an organization is willing to accept. b.

In the COSO enterprise risk management framework, the term risk tolerance refers to

a. The level of risk an organization is willing to accept.

b. The acceptable variation with respect to a particular objective.

c. The amount of risk of an event after considering management’s response.

d. Events that require no risk response.

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