Strategic risk assessment is primarily concerned with:
A)Possible external threats to the company's success in accomplishing its objectives
B)Allocation of the company's resources to accomplish its internal processes
C)Safeguarding of the company's computerized assets and records
D)Achieving operating efficiencies in the areas of production and human resources

Question

Quizplus · Accepted Answer

Strategic risk assessment is a process of identifying and evaluating the risks that could impact the achievement of a company's strategic objectives. It focuses on the external factors that could affect the company's success, such as competition, regulatory changes, market trends, and technological advancements. Therefore, option A is the best choice as it aligns with the purpose of strategic risk assessment. Options B, C, and D are not directly related to strategic risk assessment as they deal with resource allocation, safeguarding of assets, and operational efficiency, respectively.

Strategic Risk Assessment Is Primarily Concerned With