THC 2 - Module 1: Risk Identification Quiz

According to PNS ISO 31000:2018, risk is the effect of:

• Change in objectives

• Organizational structure

• Uncertainty on objectives

• Financial performance

Which of the following is a principle of risk management?

• Elimination of human error

• Reactive response only

• Continual improvement

• Fixed protocol application

What is the first step in risk assessment?

• Risk analysis

• Risk evaluation

• Risk communication

• Risk identification

Which type of risk refers to mandatory licenses and permits?

• Hazard risk

• Compliance risk

• Control risk

• Operational risk

The coordinated activities to direct and control an organization regarding risk is called:

• Compliance

• Risk evaluation

• Risk management

• Risk control

What type of risk is associated with seeking growth and long-term success?

• Control risk

• Hazard risk

• Opportunity risk

• Compliance risk

A hotel invests in expanding into a new tourism market with high competition. This is an example of:

• Hazard risk

• Control risk

• Opportunity risk

• Compliance risk

If a resort fails to update its fire safety clearance, it is experiencing which type of risk?

• Operational

• Compliance

• Hazard

• Cultural

A system crash due to a ransomware attack falls under which operational disruption?

• Product

• Premises

• People

• Processes

Lack of skilled personnel during peak season is an example of:

• Premises disruption

• Process failure

• People disruption

• Product disruption