UBM588 - Quiz Chapter 2 (A)

Building the trenches around the city which is another loss prevention measure taken to stop the advancing forces of the enemies. This is about -

• Bedouin and Came

• Battles of Khandaq

• The story of Hijrah

These statements -

i. Required by law and regulators;

ii. To reduce and minimize the impact of loss;

To reduce fear and worry.

is about

• Pre Loss Objectives

• Post Loss Objectives

• Primary Objective

Achieving maximum productivity with minimum wasted effort or expense. This is about -

• Efficient

• Effective

• Direct

Aimed to reduce the utilization of resources (financial and non-financial) and to minimize the negative effects of risks or maximize the opportunities and goals. The goals must be aligned with the Shariah. This statement is about Risk ____ from Islamic Perspective.

• Analysis

• Assessment

• Management

Without intervening factors or barriers. It is about -

• Direct path

• Efficient path

• Effective path

A systematic approach to identify, measure and control risks that can threaten assets and earnings of oneself, a business or the organization. This statement is refers to -

• Risk Management

• Risk Control

• Risk Assessment

Successful in producing a desired or intended result. This is about -

• Direct

• Efficient

• Effective

These statements -

i. To preserve the operating effectiveness of the organization;

ii. Humanitarian goals;
iii. To utilize cost, resources and social responsibility.

is about -

• Pre Loss Objectives

• Primary Objective

• Post Loss Objectives

Moving in a small group helps to mitigate and reduce the risk of being caught. This statement is about -

• Battles of Khandaq

• Bedouin and Camel

• The story of Hijrah

These statements -

i. Reduce impact of loss to organization and society;

ii. Survival of the organization which is able to continue the operation;

iii. Stability of earnings whenever business operation do not have to stop.

is about -

• Primary Objective

• Post Loss Objectives

• Pre Loss Objectives