Be able to manage risk in a business environment
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Question 1 of 4
Which four of the below are common risks faced by organisations?
Nominal
Strategic
Financial
Hazard
Training
Operational
Influential
Drag and drop the words into the correct gaps.
evaluatedmonitoringenvironment
The risk needs continual and identified risks should be for change.
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 control
Risk audit
Risk rating
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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