SYEDA DB (G170) Mock Exam - Transfer Students

Which is not likely to be covered in home insurance?

• Riot.

• Effects of war.

• Personal liability.

• Valuable possessions.

What is the most likely result of having no policy on intellectual property?

• Increased control.

• Increased efficiency.

• Confusion and mistakes.

• Loss of business opportunity.

What is the first action to be taken when a hazard has been identified in the workplace?

• Assess the risk.

• Prevent the incident occurring.

• Complete the necessary documents.

• Report the situation to a line manager.

Which is the main reason to revise risk assessment documentation?

• To comply with legislation.

• To update staff training records.

• To report maintenance issues.

• To analyse usage of office equipment.

What is the main impact on an organisation of a customer data security breach?

• Loss of statistics.

• Loss of reputation.

• Increase in staff workload.

• Reduced information processing.

What must be put in place to account for

personnel during a fire evacuation?

• An emergency plan.

• A staff attendance list.

• A premises check.

• A staff contact list.

What is the method by which risks are shared?

• Through premium calculation.

• Through claim negotiation.

• Transfer to an investor.

• Transfer to an insurer.

What is the main method by which premiums are calculated?

• Through transfer of risk to others.

• Through need for institutional investment.

• By the probability of the claim.

• By the required profit margin of insurer.

What is the purpose of a cover note?

• It transfers risk.

• It documents claims.

• It is evidence of a payment.

• It is evidence of an insurance policy.

What is the role of the regulator?

• Advise on risks.

• To police and control.

• Monitor claims.

• To protect and advise.