
RMI 3004 - Midterm Exam

Quiz
•
Business
•
University
•
Easy
Christina Diaz
Used 2+ times
FREE Resource
44 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Risk?
Certainty regarding an outcome
Uncertainty regarding an outcome; potential consequences from that outcome
Probability of Loss
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk is not equal to _______.
Probability of Loss
Certainty
Opportunity
Safety
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Human Capital is exposed to _______.
Personal Risks
Financial Risks
Operational Risks
Market Risks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the financial consequences caused by personal risks such as injury, illness, death, unemployment, and retirement?
Loss of Income and Medical Expenses
Increased Savings
Higher Taxes
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of Risk Management (RM) in a corporation?
Optional component
Integral component
Unnecessary component
Temporary component
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define Pure Risk.
Only two outcomes = loss or no loss
Three possible outcomes = loss, gain, or no change
Measurable variation of actual outcomes
Results from new & emerging trends
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define Speculative Risk.
Only two outcomes = loss or no loss
Three possible outcomes = loss, gain, or no change
Measurable variation of actual outcomes
Results from new & emerging trends
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