Free Printable Risk Management and assessment and protection

Worksheets

Risk Management and assessment and protection

Total questions: 13

Worksheet time: 9mins

Name

Class

Date

What is a risk

The possibility of gain, benefit, or positive outcome resulting from a particular action, event, or decision.

The possibility of loss, injury, or negative outcome resulting from a particular action, event, or decision.

A type of insurance coverage that protects against financial loss.

A term used to describe a dangerous or uncertain situation.

Risk management can be defined as the art and science of ___________risk factors throughout the life cycle of a project.

researching, reviewing, and acting on

identifying, analyzing, and responding to

reviewing, monitoring, and managing

identifying, reviewing, and avoiding

Risk Management includes all of the following processes except:

Risk Monitoring and Control

Risk Identification

Risk Avoidance

Risk Response Planning

The possibility that actual results may differ from predicted results is known as ______________.

Risk

Uncertainty.

Norms

Hazards

How can we protect ourselves from risk?

Taking precautions and practicing good risk management

Ignoring potential risks and hoping for the best

Avoiding all situations that involve any level of risk

Leaving risk management to others and not taking any responsibility

Having proper analysis of potential risks

If you are employed, what are some risk management products a job may offer?

Workers compensation

Health Insurance

Disability Insurance

Unemployment insurance

All of the above

Is this a risk?

4 lines

Falling off your snowboard and hurting your knee is an example of a what?

Emotional risk

Physical risk

Residual risk

A danger or something with the potential to cause harm is also known as a _?

accident

hazard

incident

journey

10.

What is MMR?

Mega Man Robot

Mighty Morphin Rangers

Mars Mission Rover

Mind Money Risk

11.

Define risk assessment

The process used to provide individuals within the entity with an understanding of the roles and responsibilities in relation to internal control over financial reporting.

The process an entity uses to assess the quality of its internal control over time.

Conditions and circumstances existing within an entity that demonstrate the attitude management has about controls, as well as other indicators of management's integrity and motivation.

The process of setting objectives; prioritizing and linking objectives; and identifying, analyzing, and managing risks that are relevant to achieving the objectives.

12.

How do you find out potential risks?

Understand potential risks

All of the above

Proper risk management

Risk assessment

Protection from risks

13.

What is RAM?

Recognize Assess and Manage

Random Access Memory

Random account manager

Hard Disk Drive

Reset

Risk Management and assessment and protection

Total questions: 13

Worksheet time: 9mins

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