CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

XYZ Ltd. Conducts quarterly review of operations. It discovers that unrest in a south east Asian country may affect the supply of raw materials to it the next quarter. This is an example of _____________ .

A
Risk assessment
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Control procedure
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Supervision
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Control environment
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Risk assessment
Risk is assessed keeping in mind various circumstances. Various risks are associated with the business even if company has/ does not have a global exposure.
In the given question, since an unrest is discovered in south east Asian country, it would directly/ indirectly affect the functioning of the company XYZ Ltd. due to its dependency for supply of raw material.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Functions of the LSA
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon