Mkt Prac Quizizz - Test 2

Uncertainty is possibility of loss, damage or any undesirable event.

• True

• False

Which of the following is NOT one of the four types of risk?

• natural

• political

• human

• economic

Which of the following is NOT one of the four categories of risk?

• Practical

• controllable

• pure

• speculative

How many steps are in the risk management process?

• Seven

• Six

• Five

• Four

Risk identification involves source analysis and ___ analysis

• Objective

• scenario

• problem

• result

Risk identification which breaks down and groups risks into categories based on previous experience and knowledge is known as which of the following?

• Risk charting

• common risk checking

• Taxonomy based

• objective based

Which of the following is NOT one of the four risk management techniques?

• Risk transfer

• Risk evasion

• risk reduction

• risk retention

Which of the following is the most common risk management technique?

• Risk Transfer

• Risk evasion

• Risk reduction

• risk retention

You should review your risk management techniques every

• five years

• quarter

• year

• month

Installing security cameras is an example of which risk management technique?

• Risk reduction

• Risk transfer

• risk evasion

• risk retention