Risk Mgmt /compliance -webxam

What is a common method businesses use to transfer risk?

• Increasing product prices

• Implementing strict operational procedures

• Purchasing insurance

• Increasing employee training

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DOK Level 1: Recall

Which of the following is an area of enterprise risk that must be managed?

• Employee satisfaction

• Marketing strategies

• Security

• Product design

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DOK Level 1: Recall

What is a qualitative approach to measuring risk?

• Scenario analysis

• Statistical models

• Financial ratios

• Probability distributions

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DOK Level 2: Skill/Concept

Developing a risk profile involves understanding the relationship between:

• Risk and time

• Risk and reward

• Risk and cost

• Risk and efficiency

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DOK Level 2: Skill/Concept

Which of the following is an element of an enterprise risk management policy?

• Employee dress code

• Risk identification process

• Social media strategy

• Product pricing strategy

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DOK Level 1: Recall

Noncompliance with regulatory requirements can result in:

• Increased marketing effectiveness

• Penalties and fines

• Improved employee morale

• Enhanced product quality

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DOK Level 1: Recall

Compliance requirements can impact a business's:

• Logo design

• Structure and activities

• Mission statement

• Brand color scheme

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DOK Level 2: Skill/Concept

The role of compliance assessment activities includes:

• Enhancing product design

• Conducting due-diligence reviews

• Developing marketing strategies

• Designing company logos

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DOK Level 2: Skill/Concept

Analyzing existing policies to ensure they meet regulatory requirements is an example of:

• Financial planning

• Compliance assessment

• Marketing analysis

• Product development

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DOK Level 2: Skill/Concept

Which method is used by businesses to retain risk?

• Outsourcing operations

• Creating a reserve fund

• Selling assets

• Purchasing insurance

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DOK Level 1: Recall