P5DMALC5-1
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Question 1 of 5
Which four of the below are common risks faced by organisations?
Nominal
Hazard
Strategic
Operational
Influential
Training
Financial
Drag and drop the words into the correct gaps.
environmentevaluatedmonitoring
The risk needs continual and identified risks should be for change.
Drag and drop the items into the correct order.
Drag and Drop items to re-order them
- Manage
- Assess
- Identify
- Monitor
Which of the below does the following definition refer to? The method by which managers evaluate potential impact of risks and take action to reduce or eliminate them.
Risk audit
Risk control
Risk identification
Risk rating
Is the following statement true or false? An organisation should always be overly cautious when making decisions as it is universally accepted that high risk financial decisions always yield low financial reward.
TRUE
FALSE
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