Question: When is it acceptable to not take action on a risk? Group of answer choices When the countermeasure is overly complex When the cost of

When is it acceptable to not take action on a risk? Group of answer choices When the countermeasure is overly complex When the cost of the countermeasure exceeds the value of asset and/or loss. Never. All risks should be addressed with a countermeasure. As determined by a third party consultant

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 Accounting Questions!

Flag question: Question 1 Question 1 1 pts A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to...

Question 11 pts Cost engineering Group of answer choices The application of scientific and detailed analysis principles to several aspects of a project budget. Among other things, workers in this...

Which behavior is this behavior by an acquisition stakeholder? Despite multiple requests from the Program Manager, the financial management representative has failed to provide historic spend...

Question 1 1 pts A biweekly mortgage: Group of answer choices has one rate adjustment after a set period, such as five years increases at regular intervals, with the increased payments used to pay...

1. The contracting officer for a complex services acquisition team is attending and leading his team's initial meeting. He knows from experience and training that risk identification is a critical...

answer the following questions PSA 500 pertains to: Group of answer choices a. The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements. b. Quality Control of an Audit of...

Question 1 Among the goals of the own risk and solvency assessment (ORSA) is the promotion of effective enterprise risk management (ERM) for insurers. Group of answer choices True False Question 2...

Question 1 The contracting officer on a multi-million-dollar, competitive services acquisition that is employing the trade-off process. CO is participating on the integrated process team (IPT) that...

In Lawlers interview with Kevin Kelly, Kelly says that he doesnt believe that technology is neutral. What does he mean by that (based on the interview)? Do you agree or disagree, and why?

Determine the smallest horizontal force P required to move the wedge to the right. The coefficient of static friction at all contacting surfaces is ? s = 0.3. Set ? = 15 o? and F = 400 N. Neglect the...

Camelia City issued $ 2 million in general obligation bonds to acquire a fleet of vehicles for the Central Motor Pool Internal Service Fund. At the date of issue, the appropriate entry in the...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....