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WorksheetsIntroduction To Risk Management
Total questions: 15
Worksheet time: 5mins
according to ISO 31000:2018, it is the "effect of uncertainty
on objectives".
Likelihood
Risk
Risk Management
Consequences
the state, even partial, of deficiency of information related to, understanding or knowledge of, an event, its consequence or likelihood
RISK
RISK MANAGEMENT
EFFECT
UNCERTAINTY
deviation from the expected,
either positive or negative
RISK
RISK MANAGEMENT
EFFECT
UNCERTAINTY
In Swiss Cheese Illustration of Risk, what is the meaning of the "HOLE" in cheese?
Organization Defense
Weaknesses
Risk
Consequence
Risk management is coordinated activity to ________ and ________ an organization with regards to risk.
effect and uncertainty
monitor and measure
review and update
direct and control
Among the Principle of Risk Management, which deals about the emerging changes in organization's external and internal changes?
Continual Improvement
Dynamic
Human and Cultural factors
Customized
Among the Framework of Risk Management, which deals about the Periodic measurement of Risk Management framework performance
Evaluation
Improvement
Design
Integration
True of False
Risk Management is customized to the needs of the organization.
True
False
In Risk Management process, which requires to "promote awareness & understanding of risk"?
Communication
Consultation
In Risk Management process, which requires "involvement in obtaining feedback & information to support decision making"?
Communication
Consultation
Owns part of a public company through shares of stock.
STAKEHOLDERS
SHAREHOLDERS
TRUE or FALSE
Risk Treatment is part of Risk Assessment
TRUE
FALSE
Works with descriptions, feelings, thoughts, perceptions.
QUALITATIVE
QUANTITATIVE
Works with numbers, statistics, formulations, and data
QUALITATIVE
QUANTITATIVE
Which is the correct flow of Risk Assessment?
Evaluation > Identification > Analysis
Analysis > Evaluation > Identification
Identification > Analysis > Evaluation
Identification > Analysis > Treatment
