Sign Up/Log In

Be able to manage risk in a business environment

Your Score: 0/4

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

Quiz Complete!

You scored: 0 out of 4