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WorksheetsIntroduction to Risk
Total questions: 15
Worksheet time: 8mins
Risk is derived from the word
risco
risque
Both a & b
None of the above
Risco is _____________ word
Greek
French
Italian
None of the above
Purpose of risk management is to strike a healthy balance between _________ and _______________
opportunity, protection shield
danger, protection shield
opportunity, actions
danger,actions
Risk is an outcome of
uncertainity
occurence
measurement
consequences
________ aims to protect the value already created by the organization, but also its future opportunities.
Risk Management
Risk Protection
Risk Appetite
Risk Occurence
Risk is a choice rather than a
reward
fate
opportunity
shield
The likelihood of occurrence and impact of risk outcome combined together forms the
measurement of risk
amplitude of risk
magnitude of risk
frequency of risk
__________ defines risk is the combination of the probability of an event and its consequence
Institute of Risk Management
Paul Hopkins
Enterprise Risk Management
SA 315
Risk that the cash flow of an issuer will not be adequate to meet its financial obligations is known as __________
Business Risk
Financial Risk
Significant Risk
None of the above
_______ arise due to events occurring outside the business organization
External Risks
Controllable risks
Internal Risks
None of the above
_______ is the probability of loss from a credit transaction.
Financial risk
Liquidity Risk
Credit Risk
Security Risk
The potential inability to meet commitments as they fall due is known as
Financial Risk
Liquidity Risk
Credit Risk
Security Risk
___________ is similar to structured interviews but involves a larger number of people.
Brain storming
Questionnaires & Interviews
Check lists
Scenario Analysis
Which one of the following is not a risk response action
Avoid
Reduce
Condense
Transfer
Which risk action is taken mainly in cases where the risk implications are lower than the company's risk appetite levels?
Avoid
Reduce
Accept
Transfer
