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Basic Question 1 of 6

Risk tolerance should be determined at the ______ level.

A. management
B. board
C. day-to-day operation

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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

define risk governance and describe elements of effective risk governance

explain how risk tolerance affects risk management

describe risk budgeting and its role in risk governance

CFA® 2025 Level I Curriculum, Volume 6, Module 6.