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Basic Question 4 of 6
An organization is investigating what shortfalls within the organization would cause it to fail to achieve some critical goals. This step is usually done at the ______ stage.
B. risk budgeting
C. risk measurement
A. risk tolerance
B. risk budgeting
C. risk measurement
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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.