WorksheetsRisk Management - Group 2 Quiz
Total questions: 10
Worksheet time: 2mins
Which of the following is NOT one of the stages of risk management sophistication?
Inform
Transform
Conform
Perform
Which principle states that risk management activities must be proportionate to the level of risk faced by the organization?
Aligned
Comprehensive
Proportionate
Embedded
What is the acronym used to represent the five objectives of risk management?
MADE2
RISKY
SAFE
ALERT
Which of the following is NOT one of the objectives of risk management?
Mandatory
Asssurance
Innovation
Decision Making
In the context of risk management, what does the "Tolerate" response to hazard risks entail?
Transferring the risk to another party
Accepting the risk after treatment to achieve objectives
Eliminating the risk completely
Reducing the impact or exposure of the risk
Which global body based in Switzerland that issues the risk management standards?
International Organization for Standardization (ISO)
International Monetary Fund (IMF)
World Health Organization (WHO)
United Nations (UN)
Which organization has issued comprehensive standards on risk management?
International Labour Organization (ILO)
World Trade Organization (WTO)
Organization for Economic Cooperation and Development (OECD)
Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Which of the following is NOT the 4Ts of hazard risk management?
Tolerate
Terminate
Trade
Transfer
Which one is the specialist areas of risk management?
project risk management
All of the option are true
financial risk management
clinical/medical risk management
Which of the following statements is NOT emphasized by risk management standards?
Focusing on internal factors when assessing risk.
Using the RASP framework to define the scope of risk management.
Considering external contexts when managing risk.
Conducting risk management activities within the business environment.
