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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 am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

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.