Question: 7. An objective of an operational risk management program is to: A. Maintain residual risk at an acceptable level. B. Implement preventive controls for every

7. An objective of an operational risk management program is to: A. Maintain residual risk at an acceptable level. B. Implement preventive controls for every threat. C. Remove all inherent risk. D. Reduce inherent risk to zero. The correct answer is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

This Comprehensive Problem requires account balances from the April month-end, which are available in Connect or in the Working Papers. Assume it is Monday, May 1, the first business day of the...

Which of the following is the PRIMARY objective of a risk management program Question 2 9 options: Maintain residual risk at an acceptable level Implement preventive controls for every threat Remove...

Question 1 Which of the following is an appropriate role for internal auditors to play in a fraud risk management program? Select one: a. Set an appropriate tone and realistic expectations of...

I can get the answer for task 3 please Noyers Ltd Company Background The Entity Noyers Ltd, a company with its headquarters in Launceston, Tasmania, has been listed on the Australian Securities...

Question 1 Morality is Select one: A. Universal and basic to human relationships. B. Established by the common law. C. The system that protects property and people. D. The application of ethics to...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

He want us to identify the 18 vulnerabilities. template is attach. Case No. 2000-02: Recreation, Inc. 1 AICPA Case Development Program RECREATION, INC. AN INFORMATION TECHNOLOGY RISK ASSESSMENT CASE...

Financial information attached. I'm supposed to project for 2015, 2016, and 2017. I do not understand the question or how to do it. Pro-Forma Financial Statements (I/S, B/S and Statement of Cash...

These two questions is what I will present, and please read through the case first then answer these two questions. Thank you! 1. Suppose you expected the dollar to appreciate in value by 10% against...

I am struggling to do the proper computations for some simple accounting. After i get this down, i will produce a paper on the importance of each number i solved for. Can someone please help me...

From 1998-2006 there were four large, well-funded competitors in the regional theme park industry. In order: Six Flags, Cedar Fair, Paramount Parks, and Busch Entertainment. Of these, Cedar Fair was...

Risk assessment techniques can be classified as either quantitative or qualitative. Discuss how each type of technique can be used to assess risk.

Use the Mean Value Theorem to prove the inequality |sin a - sin b| |a - b| for all a and b

b . Sarah used the property as a vacation home through December 3 1 , 2 0 2 1 , She then used the home as her princlpal residence from January 1 , 2 0 2 2 , until she sold it on January 1 , 2 0 2 5 ....

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...