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Risk Management

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

powerful as it provides fact-based and science-based decision making in safety, security, and sanitation.

(a)  

2.

is usually expressed in terms of sources, events, consequences, and likelihood, is the effect of uncertainty on objectives

(a)  

3.

Involve government-mandated licenses and business permits and requirement

a)

Compliance Risk

b)

Control Risk

c)

Hazard

Risk

d)

Opportunity Risk

4.

Pure Risks are the risks that can prevent and deter the achievement of the companies goals, missions and objectives.

a)

Compliance Risk

b)

Control Risk

c)

Hazard

Risk

d)

Opportunity Risk

5.

these are risks that can cause uncertainty or doubt about the ability to achieve company’s goals, missions, and objectives.

a)

Compliance Risk

b)

Control Risk

c)

Hazard

Risk

d)

Opportunity Risk

6.

these are risks that are usually deliberately sought or embraced by the organization specifically for the future long-term success of any organization.

a)

Compliance Risk

b)

Control Risk

c)

Hazard

Risk

d)

Opportunity Risk

7.

is an analytical process to provide information regarding undesirable events in which it estimates probabilities and expected consequences for identified risks

a)

Risk

b)

Risk Assessment

c)

Risk Evaluation

d)

Risk Analysis

8.

Type of impact of loss that describes as the facility is damaged/contaminated beyond habitable use.

a)

devastating

b)

minor

c)

severe

d)

noticeable

9.

Type of impact of loss that describes as the facility experiences no significant impact on operations.

a)

devastating

b)

minor

c)

severe

d)

noticeable

10.

Type of impact of loss that describes as 1.the facility is partially damaged/contaminated.

a)

devastating

b)

minor

c)

severe

d)

noticeable