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Management of Risk Foundation Questions and Answers

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Question 1

Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

Options:

A.

Determine which other risks will occur if a risk occurs

B.

Calculate the total risk exposure for the activity

C.

Evaluate the effectiveness of risk management across the organization

D.

Determine which risks are independent of other risks

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Question 2

Which risk response option 'takes the chance' that the risk will occur, with its full impact if it did?

Options:

A.

Accept the risk

B.

Transfer the risk

C.

Share the risk

D.

Prepare contingent plans

Question 3

Which does the SWOT analysis technique help to identify about an organization?

Options:

A.

Long-term trends

B.

Stakeholder views

C.

Corporate governance requirements

D.

Internal strengths

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