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Business Risk Quiz

Authored by Andrew Lucas

Computers

11th Grade

Used 2+ times

Business Risk Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a form of risk response that involves eliminating the cause of a risk?

Mitigation

Acceptance

Avoidance

Diversification

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a business choose to accept a risk?

Because it is cheaper than other options

Because the risk is unavoidable

Because it increases the risk

Because it eliminates the risk

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of not reviewing risks regularly in a business?

Increased profits

Severe impact if risks come to fruition

Decreased employee satisfaction

Improved market position

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What legal consequence is mentioned as a result of privacy and security risks?

Increased advertising

Legal fees and regulatory penalties

Hiring more staff

Expanding business locations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a damaging implication of risk mentioned in the document?

Increase in sales

Loss of reputation

Improved customer trust

Enhanced business operations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must businesses review to ensure optimum resilience?

Marketing strategies

Risk mitigation strategies

Employee benefits

Office locations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should employee policies state?

Roles and responsibilities

Vacation days

Salary increases

Office locations

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