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Management of Risk Foundation Questions and Answers

Question 1

Which BEST describes the 'reduce the threat' risk response option?

Options:

A.

Changing the planned tasks in an activity

B.

Performing an action to minimise the chance of a risk impacting objectives

C.

Monitoring a risk to ensure it remains within acceptable tolerance

D.

Partaking in a pain/gain contract with another party for a specified risk

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Question 2

Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

Options:

A.

Incident and crisis management

B.

Business continuity management

C.

Health and safety management

D.

Reputational risk management

Question 3

Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

Options:

A.

Senior team

B.

Audit committee

C.

Risk owner

D.

Team