RISK MANAGEMENT

58問 • 1年前

Shiela Caber

通報

問題一覧

Which organization defines risk as 'effect of uncertainty on objectives'?

ISO Guide 73

What type of risk refers to events with only negative consequences

Hazard Risk

Which of the following is not a primary classification of risks?

strategic risk

According to ISO guide 73, what term is used instead of 'frequency' in risk matrices?

likelihood

In which situation is the term 'magnitude' used in the risk matrix?

as a measure of inherent level of a risk before controls

Which is a consequence appealing to manage compliance risks in regulated sectors?

reputation damage

Control risks are most closely associated with which type of management?

project management

In the bow tie representation of risk management what does the knot represent?

the risk event

Which approach to risk management focuses on the key dependencies of an organization?

Dependencies -driven approach

The ISO 31000; standard emphasizes but key aspect of risk management?

integrated risk management across all sectors of an organization

What is the primary goal of enterprise risk management (ERM)?

holistic management of business risks

In a risk matrix how is the term impact different from magnitude

impact represents overall risk to the organization magnitude measures event size before controls

What is the primary purpose of the bow tie analysis in risk management

to plan response before and after a risk event

What is a key feature of an ERM system?

A continuous, ongoing process of risk identification and mitigation

Which of the following is not a key element of the ERM process?

Risk elimination

What type of risk has immediate consequences on organizational operations?

Short-term risks

The term 'consequences' in a risk analysis context refers to:

The financial loss caused by a risk event

Which method is commonly used to summarize an organization's risk profile?

Risk matrix

Which risk is most closely associated with changes in market conditions?

Opportunity Risk

What element is added to risk assessment when using a matrix?

Impact and probability

Which risk classification system focuses on the origin of the risk?

Hazard risks

What classification does the Institute of Internal Auditors (IIA) use to define risk?

Uncertainty of events affecting objectives

Which risk category focuses on legal responsibilities?

Compliance risks

Which of the following is not an example of a control risk?

Legal penalties due to non-compliance

What should be considered in opportunity risk management?

Balancing risk with potential financial gains

Which of the following statements best describes 'hazard risks'?

Risks that can only result in negative outcomes

Which category of risk would theft in an organization typically fall under?

Hazard Risk

According to the Institute of Risk Management (IRM), risk is best defined as the:

Impact of uncertainty on objectives

The ISO 31000:2018 standard emphasizes which of the following risk management approaches?

Strict compliance focus

What is one of the critical differences between control risks and hazard risks?

Hazard risks are purely negative, whereas control risks are focused on managing uncertainty.

In the context of risk management, what is meant by the term 'risk appetite'?

The level of risk an organization is willing to tolerate

What concept in risk management addresses an organization's preparedness for unexpected negative events?

Disaster recovery planning

In risk management, 'tolerate' refers to:

Accepting the risk and being prepared for its consequences

Which of the following describes 'speculative risks?

Risks that result in variable outcomes, including potential opportunities

Which event is an example of a control risk?

The unpredictable delivery time of a critical project

Which of the following best describes the main function of the risk matrix in an organization?

Evaluating both the likelihood and impact of risk events

What factor is least likely to affect an organization's risk classification system?

The cost of implementing the risk management strategy

Which of the following risk types is not directly related to organizational compliance?

Staff turnover

In risk classification, which aspect should organizations primarily consider to choose an effective risk classification system?

Size and scope of the organization's activities

Which of the following classifications would most likely include unpredictable events such as natural disasters?

Hazard Risks

Which of the following is a core activity in risk analysis and evaluation?

Banking risks based on their magnitude and financial exposure

Which risk prioritization tool is commonly used to visually represent risk severity and likelihood?

Risk matrix

The application of a 'gross risk' matrix focuses on

Inherent risks before applying any controls

What does the vertical axis on a risk matrix typically represent when analyzing inherent risk'?

Impact

What method is best used to reduce the impact of a high-magnitude risk before its occurrence?

Preventative measures through controls

Which risk management strategy involves shifting the burden of risk to another party?

Transfer

In the context of risk management, what is the purpose of 'reaction planning"?

Preparing actions to minimize risk consequences after occurrence

Which tool helps frame responses to risk by evaluating both preventative and post-event actions?

Bow-tie analysis

Which of the following is least likely to be classified as a compliance risk?

Introduction of a new product line

Which of the following is NOT one of the six OECD Principles of Corporate Governance?

Maximizing shareholder wealth

What is the primary challenge of risk governance in the 21st century?

Governance mechanisms lagging behind technological and social change

In risk assurance, the primary purpose of assurance services is to:

Reduce information risk by providing independent professional opinions.

Operational risk management excludes which of the following?

Strategic risk

In effective risk reporting, what is the purpose of using a risk heat map?

To visually represent risks based on their likelihood and impact.

What is a major benefit of regular risk reporting?

Aligns business strategies with identified risk tolerances.

The "Green Halo Effect" in risk governance refers to:

The perception of superior quality associated with environmentally friendly practices.

Which of the following techniques helps organizations understand the potential future outcomes of identified risks?

Scenario Analysis

10. In the context of operational risks, which factor is most likely to be tied to automation and artificial Intelligence?

Technology risks

MONETARY REVIEWER LESSON 1

Shiela Caber · 11問 · 1年前

MONETARY REVIEWER LESSON 1

11問 • 1年前

Shiela Caber

STRAT MIDTERM EXAM

Shiela Caber · 55問 · 1年前

STRAT MIDTERM EXAM

55問 • 1年前

Shiela Caber

BANKING (5-6)

Shiela Caber · 24問 · 1年前

BANKING (5-6)

24問 • 1年前

Shiela Caber

TAXATION MIDTERM EXAM

Shiela Caber · 42問 · 1年前

TAXATION MIDTERM EXAM

42問 • 1年前

Shiela Caber

PERSONAL FINANCE QUIZ

Shiela Caber · 13問 · 1年前

PERSONAL FINANCE QUIZ

13問 • 1年前

Shiela Caber

BANKING REVIEWER

Shiela Caber · 100問 · 1年前

BANKING REVIEWER

100問 • 1年前

Shiela Caber

1 REVIEWER IN TREASURY MANAGEMENT

Shiela Caber · 59問 · 1年前

1 REVIEWER IN TREASURY MANAGEMENT

59問 • 1年前

Shiela Caber

1,2, 2.2, 3 COST ACCOUNTING MIDTERM

Shiela Caber · 55問 · 1年前

1,2, 2.2, 3 COST ACCOUNTING MIDTERM

55問 • 1年前

Shiela Caber

4,7 COST ACCOUNTING

Shiela Caber · 24問 · 1年前

4,7 COST ACCOUNTING

24問 • 1年前

Shiela Caber

TQM

Shiela Caber · 53問 · 1年前

TQM

53問 • 1年前

Shiela Caber

Lesson 1

Shiela Caber · 32問 · 1年前

Lesson 1

32問 • 1年前

Shiela Caber

Lesson 2-3

Shiela Caber · 62問 · 1年前

Lesson 2-3

62問 • 1年前

Shiela Caber

Lesson 4

Shiela Caber · 26問 · 1年前

Lesson 4

26問 • 1年前

Shiela Caber

MONETARY REVIEWER LESSON 2

Shiela Caber · 18問 · 1年前

MONETARY REVIEWER LESSON 2

18問 • 1年前

Shiela Caber

VENTURE CAPITAL REVIEWER LESSON 1

Shiela Caber · 10問 · 1年前

VENTURE CAPITAL REVIEWER LESSON 1

10問 • 1年前

Shiela Caber

VENTURE CAPITAL REVIEWER LESSON 2

Shiela Caber · 24問 · 1年前

VENTURE CAPITAL REVIEWER LESSON 2

24問 • 1年前

Shiela Caber

問題一覧

Which organization defines risk as 'effect of uncertainty on objectives'?

ISO Guide 73

What type of risk refers to events with only negative consequences

Hazard Risk

Which of the following is not a primary classification of risks?

strategic risk

According to ISO guide 73, what term is used instead of 'frequency' in risk matrices?

likelihood

In which situation is the term 'magnitude' used in the risk matrix?

as a measure of inherent level of a risk before controls

Which is a consequence appealing to manage compliance risks in regulated sectors?

reputation damage

Control risks are most closely associated with which type of management?

project management

In the bow tie representation of risk management what does the knot represent?

the risk event

Which approach to risk management focuses on the key dependencies of an organization?

Dependencies -driven approach

The ISO 31000; standard emphasizes but key aspect of risk management?

integrated risk management across all sectors of an organization

What is the primary goal of enterprise risk management (ERM)?

holistic management of business risks

In a risk matrix how is the term impact different from magnitude

impact represents overall risk to the organization magnitude measures event size before controls

What is the primary purpose of the bow tie analysis in risk management

to plan response before and after a risk event

What is a key feature of an ERM system?

A continuous, ongoing process of risk identification and mitigation

Which of the following is not a key element of the ERM process?

Risk elimination

What type of risk has immediate consequences on organizational operations?

Short-term risks

The term 'consequences' in a risk analysis context refers to:

The financial loss caused by a risk event

Which method is commonly used to summarize an organization's risk profile?

Risk matrix

Which risk is most closely associated with changes in market conditions?

Opportunity Risk

What element is added to risk assessment when using a matrix?

Impact and probability

Which risk classification system focuses on the origin of the risk?

Hazard risks

What classification does the Institute of Internal Auditors (IIA) use to define risk?

Uncertainty of events affecting objectives

Which risk category focuses on legal responsibilities?

Compliance risks

Which of the following is not an example of a control risk?

Legal penalties due to non-compliance

What should be considered in opportunity risk management?

Balancing risk with potential financial gains

Which of the following statements best describes 'hazard risks'?

Risks that can only result in negative outcomes

Which category of risk would theft in an organization typically fall under?

Hazard Risk

According to the Institute of Risk Management (IRM), risk is best defined as the:

Impact of uncertainty on objectives

The ISO 31000:2018 standard emphasizes which of the following risk management approaches?

Strict compliance focus

What is one of the critical differences between control risks and hazard risks?

Hazard risks are purely negative, whereas control risks are focused on managing uncertainty.

In the context of risk management, what is meant by the term 'risk appetite'?

The level of risk an organization is willing to tolerate

What concept in risk management addresses an organization's preparedness for unexpected negative events?

Disaster recovery planning

In risk management, 'tolerate' refers to:

Accepting the risk and being prepared for its consequences

Which of the following describes 'speculative risks?

Risks that result in variable outcomes, including potential opportunities

Which event is an example of a control risk?

The unpredictable delivery time of a critical project

Which of the following best describes the main function of the risk matrix in an organization?

Evaluating both the likelihood and impact of risk events

What factor is least likely to affect an organization's risk classification system?

The cost of implementing the risk management strategy

Which of the following risk types is not directly related to organizational compliance?

Staff turnover

In risk classification, which aspect should organizations primarily consider to choose an effective risk classification system?

Size and scope of the organization's activities

Which of the following classifications would most likely include unpredictable events such as natural disasters?

Hazard Risks

Which of the following is a core activity in risk analysis and evaluation?

Banking risks based on their magnitude and financial exposure

Which risk prioritization tool is commonly used to visually represent risk severity and likelihood?

Risk matrix

The application of a 'gross risk' matrix focuses on

Inherent risks before applying any controls

What does the vertical axis on a risk matrix typically represent when analyzing inherent risk'?

Impact

What method is best used to reduce the impact of a high-magnitude risk before its occurrence?

Preventative measures through controls

Which risk management strategy involves shifting the burden of risk to another party?

Transfer

In the context of risk management, what is the purpose of 'reaction planning"?

Preparing actions to minimize risk consequences after occurrence

Which tool helps frame responses to risk by evaluating both preventative and post-event actions?

Bow-tie analysis

Which of the following is least likely to be classified as a compliance risk?

Introduction of a new product line

Which of the following is NOT one of the six OECD Principles of Corporate Governance?

Maximizing shareholder wealth

What is the primary challenge of risk governance in the 21st century?

Governance mechanisms lagging behind technological and social change

In risk assurance, the primary purpose of assurance services is to:

Reduce information risk by providing independent professional opinions.

Operational risk management excludes which of the following?

Strategic risk

In effective risk reporting, what is the purpose of using a risk heat map?

To visually represent risks based on their likelihood and impact.

What is a major benefit of regular risk reporting?

Aligns business strategies with identified risk tolerances.

The "Green Halo Effect" in risk governance refers to:

The perception of superior quality associated with environmentally friendly practices.

Which of the following techniques helps organizations understand the potential future outcomes of identified risks?

Scenario Analysis

10. In the context of operational risks, which factor is most likely to be tied to automation and artificial Intelligence?

Technology risks