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WorksheetsFP II Unit 1 1.01
Total questions: 12
Worksheet time: 36mins
What can risk managers do to ensure the successful launch of a new product?
act quickly to beat the competition
evalate potiential gains and losses of the event
develop fail-proof strategies for the calendar year
ignore issues the company has encountered in the past
What category of risk typically has the most impact on the ability of a business to reach planned goals and objectives?
financial
hazard
operational
strategic
A good source of information about the retroactive risks of a business would be a/an:
.
environmental scan
purchasing manager
business incident log
local weather forcast
The term risk is used in business to refer to the
chances that consumers take
possibility or probability of loss
mistakes that employees make
unontrollable possibility of danger
Technological innovations can increase the strategic risk for business by:
causing interest rate growth
making some products obsolete
eliminating the convenience of buying in person
decreasing the supply of people seeking employment
Which is often used to measure and rate potential risks
an environmental scan
transference strategies
an impac/probability chart
contingency and fallback plans
An earthquake is an example of which type of risk?
operatinal
pure
speculative
strategic
The two dimensions of risk are
impact and avoidance
probability and impact
probability and avoidance
mitigation and acceptance
Which statement accurately describes the nature of prospective risks
They are typically more common than retroactive risks
They are usually easier to identify than retroactive risks
They have failed to happen before but could occur in the future
They have occurred in the past so they will fail to reoccur in the future.
Which is an example of a hazard risk
competitive advantage
product shortages
tornadoes
inflation
Poor product development, unreliable manufacturing equipment, and product shortages are examples of which type of risk
financial
hazard
operational
strategic
An example of an internal financial risk is
credit downgrades
consumer buying power
improper budgeting practices
foreign exchange rate changes
