Business Risk Types

Business Risk Types

9th - 12th Grade

15 Qs

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Business Risks

Business Risks

Business Risk

Business Risk

Business Risk Types

Business Risk Types

Assessment

Passage

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Tiffany Scott

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in managing risk within an organization?

Performing a risk assessment on everything

Creating a risk assessment schedule

Identifying internal and external systems

Developing an operational framework

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should a successful risk assessment process align with?

Business goals

External threats

Digital advancements

Operational effectiveness

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is strategic risk related to?

Violations of laws

Negative public opinion

Adverse business decisions

Loss resulting from inadequate internal processes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does reputational risk relate to?

Service or product delivery problems

External events

Inadequate resource allocation

Negative public opinion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is operational risk associated with?

Violations of internal policies

Loss resulting from inadequate or failed internal processes

Adverse effects of foreign exchange rate fluctuations

Problems with service or product delivery

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can compliance risk result from?

Violations of laws, rules, or regulations

Negative public opinion

Adverse business decisions

Loss resulting from inadequate internal processes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of developing an operational framework?

To maintain operational effectiveness

To reduce risks cost-effectively

To identify critical internal and external systems

To perform a risk assessment on everything

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