risk management policy statement Select one: a. all of the above. b. should permit the risk...

risk management policy statement

Select one:

a. all of the above.

b. should permit the risk manager some latitude.

c. should be a product of the board of directors with advice from the risk manager.

d. provides a framework within which the risk manager may make decisions.

Solutions

Expert Solution

Option A all of the above is the right answer

risk management policy statement is a tool used by companies and other organizations to identify and respond to risks in a way that minimizes their impact. The risk to an organization can come from all direction. A risk management policy set the principles responsibilities and the requirements for risk management to minimize their impact. The main purpose of the risk management policy is to provide guidance to management and organization regarding management of risk to support overall business. So here we cay that, all the option given above are correct. It should permit the risk manager some latitude. It should be a product of the board of directors with advice from the risk manager. It provides a framework within which the risk manager may make decisions.

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

Expansionary monetary policy involves: Select one: a. all of the above. b. a reduction in interest...

Expansionary monetary policy involves: Select one: a. all of the above. b. a reduction in interest rates. c. an increase in the money supply. d. an increase in business and consumer purchases. The consumer price index (CPI) is generally assumed by economists to: Select one: a. understate the inflation rate. b. overstate the inflation rate. c. none of the above. d. measure inflation extremely accurately. The unemployment rate is calculated as: Select one: a. all people without jobs, as a...

Which of the following are types of interviews? Select one: a. All of the above b....

Which of the following are types of interviews? Select one: a. All of the above b. Structured c. Semi-structured d. None of the above e. Unstructured

The earned income tax credit: Select one: a. all of the above. b. has increased in...

The earned income tax credit: Select one: a. all of the above. b. has increased in recent years. c. is available to low-income eligible working people. d. is refundable. Which tax brings in the greatest share of federal government tax revenue? Select one: a. tariffs b. federal excise taxes c. federal personal income tax d. social security tax Which of the following is a tool of expansionary fiscal policy? Select one: a. increased taxes. b. increased government purchases of goods...

Which of the following statement is correct? Select one: a. Cultural risk is the risk that...

Which of the following statement is correct? Select one: a. Cultural risk is the risk that foreigners doing business in another country will fail to adapt to cultural differences, and this failure will affect the MNC’s success. b. All the answers are incorrect. c. The firm using the hedging instruments such as a forward, futures, or swap contract magnifies the foreign exchange risk. d. Mexican tourists tend to come to the United States in smaller numbers when the dollar is...

Which of the following statements about risk management is correct? Select one: a. risk management has...

Which of the following statements about risk management is correct? Select one: a. risk management has an anti-insurance bias and seeks to minimize the use of insurance in dealing with risk. b. risk management is concerned primarily with the risk problems of giant corporations. c. risk management has relevance for organizations of all sizes. d. risk management is a function of business and as such has little relevance for the individual.

Long-lived assets should be reported on the: Select one: a. Statement of owner's equity. b. Income...

Long-lived assets should be reported on the: Select one: a. Statement of owner's equity. b. Income statement under expenses. c. Balance sheet under current assets. d. Balance sheet under noncurrent assets.

1.Which one of the following deals with hazard risk:(A)Enterprise risk management(B)Traditional risk management(C)strategic risk management(D)financial risk...

1.Which one of the following deals with hazard risk:(A)Enterprise risk management(B)Traditional risk management(C)strategic risk management(D)financial risk management. 2.when slecting risk management technique to use,technique must considered context of your:-(A)lowest possible price point(B)neighbours activities(C)highest possible price point(D)risk appetite. 3.Match exposure with correct risk category for following:-strategic,price,credit,financial,operational ,hazard (A)Interest rate risk(B)reputational Risk(C)cyber risk(D)Liability risk.

Select the incorrect statement about ADH. Select one: a. It stimulates reabsorption of water b. It...

Select the incorrect statement about ADH. Select one: a. It stimulates reabsorption of water b. It is not secreted if the body consumes large amounts of water c. It is secreted if the body fluids become hypertonic d. It is produced by the distal tubule e. It is also called vasopressin

Consulting revenue _______ owner's equity. Select one: a) Increases b) Decreases c) None of the above

Discuss each of the three (3) Rules of Risk Management. Select one (1) of the 4...

Discuss each of the three (3) Rules of Risk Management. Select one (1) of the 4 boxes of the frequency/severity matrix (p. 59 of fundamentals of risk and insurance, 11th edition) and identify a peril that fits into that box and how a risk manager might handle that risk.

Subjects