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P5DMALK9-1

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Question 1 of 5

Complete the sentence with three possible endings. Business Risk Management is undertaken to ensure that the business will survive if...

the market changes

the business performs better than expected

staff get a pay rise

profits fall

the business starts a green initiative

natural disasters occur

Internal business risk factors faced by an organisation include:

legislative changes

supplier failure

process breakdowns

interest rate changes

Complete the following sentence. Interdependencies:

increase the difficulty of assessing an organisation’s overall risk

lead to lower profits for the organisation

facilitate assessing of an organisation’s overall risk

generate staff turnover and skills shortages

Complete the following sentence. Business continuity planning:

complements the overall risk management process

replaces the overall risk management process

evaluates the significance of a risk

rates the probability of a risk happening

Complete the following sentence with three possible endings. Techniques to minimize business risk include:

misrepresenting financial performance

moving office

good credit control

avoiding the risk if possible

performing a risk analysis

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