The amount of risk a company is willing to accept in order to achieve its goals and objectives is
A) Inherent risk
B) Residual risk
C) Risk appetite
D) Risk assessment

Question

Quizplus · Accepted Answer

Risk appetite refers to the level of risk a company is willing to take in order to achieve its goals and objectives. This can vary depending on the company's industry, size, and overall business strategy. Inherent risk refers to the level of risk that exists without any controls in place, while residual risk is the remaining risk after controls have been implemented. Risk assessment refers to the process of identifying, analyzing, and evaluating potential risks to a company.

The Amount of Risk a Company Is Willing to Accept