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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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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

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® 2024 Level I Curriculum, Volume 6, Module 6.