
Risk Management Quiz
Authored by Lynne Taylor
Business
11th Grade
Used 4+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two dimensions do risks have?
probability and avoidance
probability and impact
impact and avoidance
mitigation and acceptance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a negative consequence for a business that neglects to manage risk by failing to implement an ethics training program for employees?
damaged reputation
increased credit rating
inflated profit margin
decreased conflict
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can the business risks be reduced if the business transfers the risk to another business?
purchasing insurance
installing burglar alarms
employing security guards
hiring a risk specialist
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can technological innovations can increase the strategic risk for businesses?
eliminating the convenience of buying in person
decreasing the supply of people seeking employment
causing interest rate growth
making some products obsolete
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good source of information about a business’s retroactive risks would be a(n)
business incident log.
purchasing manager.
local weather forecast.
environmental scan.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Technological innovations can increase strategic risk for business by
eliminating the convenience of buying in person.
decreasing the supply of people seeking employment.
making some products obsolete.
causing interest rate increases.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What category of risk typically has the most impact on a business’s ability to reach its goals and objectives?
Strategic
Operational
Hazard
Financial
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