CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

What is one of the responsibilities of the board in the risk management framework?

A. Planning value-maximizing strategies
B. Allocating capital to risky activities
C. Risk budgeting
Correct Answer: C

Risk budgeting is guidance on how or where risks are taken, or any means of allocating investments or assets by their risk characteristics.

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