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Which of the following processes is described in the statement below? "It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."
Correct Answer: D,E
is incorrect. A risk response ensures that the residual risk is within the limits of the risk appetite and tolerance of the enterprise. Risk response is process of selecting the correct, prioritized response to risk, based on the level of risk, the enterprise's risk tolerance and the cost and benefit of the particular risk response option. Risk response ensures that management is providing accurate reports on: The level of risk faced by the enterprise The incidents' type that have occurred Any alteration in the enterprise's risk profile based on changes in the risk environment