Register now or log in to join your professional community.
A.Planned response that defines the step to be taken an identified risk event should occur
B. A workaround
C.A reserve use to allow for future situations which may be planned for only part
D.a and c
E.a and b
A planned response that defines the steps to be taken if an identified risk event should occur
Supported Mir Mujtaba <<<<<<<<<<<<<<<
Correct answer is Option A
The Answer is 'A' - But I want to include the word 'Unidentified risk' along side Identified risk as the meaning of Contingency includes 'Unforeseen' also. Correct me if I'am wrong. Thnz.
A contingency plan is planned response that defines the step to be taken an identified risk event should occur.
A-is Correct answer
Well I guess it is option a and b. Because contingency is emergency situation, anticipated by auditors.
