Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan May have documented action plan

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating
and the effectiveness of the control is also relatively low? Select all that apply.
Actively managing the risk
Monitoring the risk periodically
Introducing more effective control measures
Maintaining the effectiveness of the controls
Must have documented action plan
O May have documented action plan
Transcribed Image Text:Which of the following is/are the most appropriate actions if the risk has a relatively low risk rating and the effectiveness of the control is also relatively low? Select all that apply. Actively managing the risk Monitoring the risk periodically Introducing more effective control measures Maintaining the effectiveness of the controls Must have documented action plan O May have documented action plan
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