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P5DMALC5-1

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Question 1 of 5

Which four of the below are common risks faced by organisations?

Influential

Financial

Training

Strategic

Nominal

Hazard

Operational

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

  • Assess
  • Manage
  • Monitor
  • Identify

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 rating

Risk control

Risk audit

Risk identification

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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