Question: Management selects risk responses and develops a set of actions to align risks with the entity's risk tolerances, its risk appetite and cost versus benefit

Management selects risk responses and develops a set of actions to align risks with the entity's risk tolerances, its risk appetite and cost versus benefit of potential risk responses.

List four potential risk responses and indicate which potential risk response would be selected If the the frequency

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likelihood and the impact of the risk are both high.

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