Risk Management
Quiz
•
Professional Development
•
1st - 3rd Grade
•
Practice Problem
•
Medium
Lean Training
Used 36+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Effective risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Response to risks usually takes one of the following forms:
Avoidance
Brainstorming
Acceptance
Affinity Diagram
Mitigation
Brainstorming
Avoidance
Mitigation
Acceptance
Interview Stakeholders
Mitigation
Acceptance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk assessment is a quantifiable problem-solving approach that uses various tools of assessment to work out and rank risks for the purpose of assessing and resolving them.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk identification involves __________. A business gathers its employees together so that they can review all the various sources of risk. The next step is to arrange all the identified risks in order of priority.
A preventive mechanism
Acceptance
Mitigation
Brainstorming
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of this diagram?
Cycle diagram
Affinity diagram
Ladder diagram
Block diagram
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk can be defined as the combination of the probability of an event occurring and the consequences of that event do occur. This gives us a simple formula to measure the level of risk in any situation:
Risk = SWOT Analysis x Severity
Risk = Security x Likelihood
Risk = Analyze x Severity
Risk = Likelihood x Severity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk control is the set of methods by which gets evaluated potential losses and actions are taken to eliminate completely such threats.
TRUE
FALSE
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