P5DMALC5-1
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Question 1 of 5
Which four of the below are common risks faced by organisations?
Operational
Hazard
Nominal
Training
Financial
Influential
Strategic
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
- Identify
- Manage
- Monitor
- Assess
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 audit
Risk control
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.
FALSE
TRUE
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