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Finals_Risk Management

Authored by JIMMY IMPING

Business

University

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Finals_Risk Management
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is risk management?

Avoiding all business risks

The process of identifying, assessing, and controlling risks

Creating business risks to gain profit

Ignoring minor risks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a principle of risk management?

Risk identification

Risk ignoring

Risk assessment

Risk treatment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key element of risk management?

Random guesses

Ignoring feedback

Monitoring and review

Increasing uncertainty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a correct step in the risk management process?

Hiding risk

Risk assessment

Risk denial

Assumption of risk

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term "risk" can be best defined as:

A guaranteed profit

Uncertainty of outcomes

Success without planning

Predicted failure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which body's requirements should you be familiar with in enterprise-wide risk management?

WHO

UNESCO

SEC

UN

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final step in the risk management process?

Risk creation

Risk mitigation

Monitoring and review

Avoidance of responsibility

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