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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?

Financial

Operational

Strategic

Nominal

Influential

Training

Hazard

Drag and drop the words into the correct gaps.

monitoringenvironmentevaluated

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
  • Monitor
  • Assess
  • Manage

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 identification

Risk rating

Risk control

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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