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Risk Analysis

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

Risk analysis is primarily the process of:

a)
  1. a. Avoiding all possible threats

b)

  1. b. Identifying and understanding risks

c)
  1. a.
    c. Creating emergency plans only

d)

  1. d. Measuring financial profit

2.

Which of the following is NOT a key component of risk analysis?


a)

a. Likelihood of occurrence

b)

b. Magnitude of consequences

c)


c. Financial accounting

d)
  1. d. Effectiveness of existing controls

3.
  1. The depth of risk analysis depends on:

a)
  1. a. Time of the year and weather

b)
  1. b. Purpose, available resources, and information quality

c)
  1. c. The budget size only

d)
  1. d. The number of employees involved

4.
  1. In risk analysis, “likelihood” refers to:

a)
  1. a. The ability to prevent risks

b)
  1. b. How often the event has happened before

c)
  1. c. How likely it is to happen

d)
  1. d. The number of safety drills conducted

5.
  1. Which type of event is described as hard to analyze due to difficulty in measurement?

a)
  1. a. Routine incidents

b)
  1. b. Highly uncertain events

c)
  1. c. Financial losses

d)
  1. d. Regular maintenance

6.
  1. A “Severe” threat impact means:

a)
  1. a. Facility is unusable for months, over 75% visitor loss

b)
  1. b. Facility suffers partial damage, closure up to 2 weeks, up to 50% visitor loss

c)
  1. c. Facility closes for a few hours, less than 25% visitor loss

d)
  1. d. No disruption to operations

7.
  1. In the Risk Rating Interpretation, “Very High” means:

a)
  1. a. Risk is totally unacceptable; immediate action is needed

b)
  1. b. Risk is acceptable with no further action

c)
  1. c. Risk is high but tolerable without controls

d)
  1. d. Risk is medium with minimal threat

8.
  1. The statement “Risk is acceptable but measures should be implemented with other upgrades” best fits which rating?

a)
  1. a. Very High

b)
  1. b. High

c)
  1. c. Medium

d)
  1. d. Low

9.
  1. Which factor can influence risk analysis results?

a)
  1. a. Employee uniform colors

b)
  1. b. Different opinions and beliefs

c)
  1. c. Temperature of the facility

d)
  1. d. The shape of the building

10.
  1. Risk analysis helps in decision-making by:


a)
  1. a. Eliminating all risks completely

b)
  1. b. Showing the best ways to deal with different types and levels of risk

c)

  1. c. Avoiding any action until risks disappear

d)
  1. d. Focusing only on financial impact

11.

Breaking down a risk into its likelihood and impact is part of this process:

(a)  

12.

  1. This refers to how severe the damage or consequences would be: (a)  

13.

  1. Temporary closure with minimal impact on visitors (up to 25% reduction) is categorized as: (a)  

14.

  1. The level of detail in risk analysis may be qualitative, quantitative, or (a)   .

15.

  1. TFacility unusable; over 75% visitor loss for a long period. (a)