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?
Hazard
Operational
Strategic
Nominal
Training
Influential
Financial
Drag and drop the words into the correct gaps.
monitoringevaluatedenvironment
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 identification
Risk audit
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.
FALSE
TRUE
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