
INS200 C2(1)
Authored by Nur Awatif
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of risk management?
To create obstacles for the organization
To enable an organization to progress toward its goals and objectives
To increase the negative effects of risks
To maximize the utilization of resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some external factors driving the need for risk management in an organization?
Globalization
Technological advancements
Climate changes, political uncertainties, economic forces
Social media trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Islamic perspective, what should be the aim of risk management?
Minimize the utilization of resources
Maximize the negative effects of risks
Reduce the negative effects of risks or maximize the opportunities and goals
Ignore the goals aligned with the Shariah
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main objective of risk management before a loss occurs?
Survival of organization
Required by law
Stability of earnings
Reduce fear and worry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main objective of risk management after a loss occurs?
Survival of organization
Reduce fear and worry
Required by law
Reduce impact of loss
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in the risk management process?
Risk Control
Risk Assessment
Risk Financing
Risk Identification
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of risk control?
To avoid risks altogether
To transfer risks to other parties
To reduce the frequency and severity of losses
To increase the frequency and severity of losses
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