Question

which statement regarding key risks and opportunities is true? the impact of risks and opportunities are excluded from the budget. the impact of opportunities are included in the budget, but the impact of risks are excluded from the budget. the impact of risks are included in the budget, but the impact of opportunities are excluded from the budget. the impact of risks and opportunities are included in the budget.

Answer 1

The impacts of both risks and opportunities are typically factored into a comprehensive budget to ensure an organization is prepared for unexpected challenges and potential beneficial situations.

Step-by-step explanation:

The correct statement regarding key risks and opportunities is that the impact of both risks and opportunities are included in the budget. A comprehensive budget considers potential negative outcomes (risks) that may require contingency funds or insurance, as well as potential positive outcomes (opportunities) that could yield additional revenue or savings. This ensures the organization is prepared for both unforeseen challenges and advantageous situations that may arise.