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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?

Financial

Influential

Strategic

Training

Hazard

Operational

Nominal

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 identification

Risk control

Risk rating

Risk audit

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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