Quiz on Business Risks and Risk Management

Quiz on Business Risks and Risk Management

University

14 Qs

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Quiz on Business Risks and Risk Management

Quiz on Business Risks and Risk Management

Assessment

Quiz

Others

University

Hard

Created by

Gleeza Mae Daguro

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does business risk refer to?

The possibility of making excessive profits

The possibility of making inadequate profits or losses

The elimination of all risks

The certainty of making profits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an internal risk?

Strikes

Market fluctuations

Government regulations

Natural disasters

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of risk involves a chance of either profit or loss?

External Risks

Operational Risks

Pure Risks

Speculative Risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of pure risk?

Technological advancements

Investing in stocks

Fire damage

Market competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of risk management?

To ensure compliance with regulations

To increase profits

To eliminate all risks

To protect and conserve assets and people

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method involves eliminating the possibility of a risk becoming a reality?

Reducing the Risks

Assuming the Risks

Avoiding the Risks

Shifting the Risks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does reducing the risks involve?

Transferring responsibility to another party

Identifying and implementing measures to minimize damage

Accepting potential losses

Avoiding risky investments

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