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Business
Management
Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each risk

Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each risk

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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 Companies that are developing a formalized risk management process are

encouraged to document and specify the desired outcomes associated with each risk

identified. What is the purpose of this activity?

  1. Listing the outcomes desired by the organization creates a basis for prioritizing

risks

  1. Listing the outcomes desired by the organization creates a basis for

determining which mitigation strategies should be pursued

  1. Listing the outcomes desired by the organization creates a basis for assessing

the potential impact of risks

  1. Listing the outcomes desired by the organization creates for assessing the

costs associated with each risk

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