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Risk Management Quiz

Authored by CS Xendit

Professional Development

1st Grade

Used 1+ times

Risk Management Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is Risk Management?

Identifying and evaluating risks

Prioritizing which risks pose the greatest threat to your goals

Minimizing and controlling the impact of risks

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

The hard skills of risk management are universal and can be duplicated or applied to any industry/field.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the first step in the general risk management framework?

Measure risks

Examine solutions

Implement solutions

Identify risks

Monitor results

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Using a "risk map" is necessary in measuring risk.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Making sure that the list of risks are MECE is necessary when identifying risks.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

Why is the step "Examine Solutions" done?

To make sure all the risks have corresponding solutions

To make sure no risk is left behind

To make sure solution is aligned with your personal goals

To determine the best course of action to mitigate or eliminate the risk completely

7.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

Why should we monitor results in the risk management framework?

To see whether the solutions were effective in mitigating the risks

To make sure we are covering all bases

To identify potential further risks

All of the above

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