Risk Analysis

Risk analysis is primarily the process of:

• 1. a. Avoiding all possible threats
     

• 1. 
     b. Identifying and understanding risks
     

• 1. a.
     c. Creating emergency plans only
     

• 1. 
     d. Measuring financial profit

Which of the following is NOT a key component of risk analysis?

• a. Likelihood of occurrence
  

• b. Magnitude of consequences
  

• 
  c. Financial accounting

• 1. d. Effectiveness of existing controls

1. The depth of risk analysis depends on:
   

• 1. a. Time of the year and weather
     

• 1. b. Purpose, available resources, and information quality
     

• 1. c. The budget size only
     

• 1. d. The number of employees involved

1. In risk analysis, “likelihood” refers to:
   

• 1. a. The ability to prevent risks
     

• 1. b. How often the event has happened before
     

• 1. c. How likely it is to happen
     

• 1. d. The number of safety drills conducted

1. Which type of event is described as hard to analyze due to difficulty in measurement?
   

• 1. a. Routine incidents
     

• 1. b. Highly uncertain events
     

• 1. c. Financial losses
     

• 1. d. Regular maintenance

1. A “Severe” threat impact means:
   

• 1. a. Facility is unusable for months, over 75% visitor loss
     

• 1. b. Facility suffers partial damage, closure up to 2 weeks, up to 50% visitor loss
     

• 1. c. Facility closes for a few hours, less than 25% visitor loss
     

• 1. d. No disruption to operations

1. In the Risk Rating Interpretation, “Very High” means:
   

• 1. a. Risk is totally unacceptable; immediate action is needed
     

• 1. b. Risk is acceptable with no further action
     

• 1. c. Risk is high but tolerable without controls

• 1. d. Risk is medium with minimal threat

1. The statement “Risk is acceptable but measures should be implemented with other upgrades” best fits which rating?
   

• 1. a. Very High
     

• 1. b. High
     

• 1. c. Medium
     

• 1. d. Low

1. Which factor can influence risk analysis results?
   

• 1. a. Employee uniform colors
     

• 1. b. Different opinions and beliefs
     

• 1. c. Temperature of the facility

• 1. d. The shape of the building

1. Risk analysis helps in decision-making by:
   

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• 1. a. Eliminating all risks completely
     

• 1. b. Showing the best ways to deal with different types and levels of risk
     

• 1. 
     c. Avoiding any action until risks disappear
     

• 1. d. Focusing only on financial impact