Core Activity D: Evaluate and Mitigate Risk Flashcards
(5 cards)
1
Q
A
2
Q
What is risk?
A
The chance that future events of results may not be as expected
3
Q
Why incur risk?
A
To gain competitive advantage
To increase financial return
4
Q
What are some types of risk?
A
Political, legal and regulatory
Business risk
Economic risk
Financial risk
Technology risk
Environmental risk
Corporate reputation risk
Fraud and employee malfasance risk
International risk
5
Q
A
