CHAPTER 3&4 - RM

CHAPTER 3&4 - RM

University

28 Qs

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CHAPTER 3&4 - RM

CHAPTER 3&4 - RM

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28 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a newer concept in risk management that takes a

holistic view of all of the possible risks an organization faces.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ERM considers speculative risks only.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ERM does not replace traditional risk management (TRM), it expands upon TRM’s practices

and techniques to consider more risks and offer additional solutions to finance or manage

them.

TRUE

FALSE

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

[ENUMERATE IN ORDER]

Value is...

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

[ENUMERATE IN ORDER]

Enterprise Risk Management Framework

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Functions and operatives with managers and administrators and launching and preserving

effective risk management and their fields of accountability

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

They must be attentive and responsive of and harmonizing with the business risk appetite

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