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4. michael wants to improve the risk management process in his organization by creating content that will help management understand when certain risks should be accepted and when certain risks should be mitigated. the policy that michael needs to create is known as: a. a security policy b. a control framework c. a risk appetite statement d. a control testing procedure

Respuesta :

The management of financial, legal, strategic, and security threats to an organization's earnings and capital is known as risk management.

What is the purpose of a strategy for risk management?

A structured strategy for dealing with risks, a risk management strategy can be utilized by businesses of any size and in any industry.The best way to think about risk management is not as a series of steps but rather as a cyclical process in which new and existing risks are constantly found, evaluated, managed, and monitored.

The fundamental objective of risk management is to anticipate potential issues and devise a strategy for resolving them.Internal and external risks that have the potential to harm an organization are examined in risk management.Typically, risk management teams divide their plans into four sections.

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