Podcast
Questions and Answers
What is the primary focus of 'downside risk' in the context of risk management?
What is the primary focus of 'downside risk' in the context of risk management?
- Competitive advantage in a business
- Potential gain or profit
- Possibility of loss or adverse outcome (correct)
- Uncertainty in a situation
What is the essential characteristic of risk in a situation?
What is the essential characteristic of risk in a situation?
- Uncertainty in the outcome (correct)
- Inevitable outcome
- Potential for gain or loss
- Predictability of the outcome
Which of the following types of risk involves the possibility of both loss and gain?
Which of the following types of risk involves the possibility of both loss and gain?
- Upside risk
- Pure risk
- Downside risk
- Speculative risk (correct)
What is the learning outcome of understanding the concept of risk assessment in internal control environment?
What is the learning outcome of understanding the concept of risk assessment in internal control environment?
Which of the following statements is true about risk?
Which of the following statements is true about risk?
What is the likely outcome of a business focusing on low-risk activities?
What is the likely outcome of a business focusing on low-risk activities?
A company producing cars with high technology smart driver sensor features is an example of what type of competitive advantage?
A company producing cars with high technology smart driver sensor features is an example of what type of competitive advantage?
What is the recommended approach for a business with high activity and high competitive advantage?
What is the recommended approach for a business with high activity and high competitive advantage?
A company producing mobile phones with various colors to attract customers is an example of what type of competitive advantage?
A company producing mobile phones with various colors to attract customers is an example of what type of competitive advantage?
What is the primary goal of risk management in an organization?
What is the primary goal of risk management in an organization?
What is essential for achieving a sound system of risk management and internal control?
What is essential for achieving a sound system of risk management and internal control?
What is a key objective of risk management in generating high returns?
What is a key objective of risk management in generating high returns?
What is a key benefit of risk management in achieving a competitive advantage?
What is a key benefit of risk management in achieving a competitive advantage?
How does risk management contribute to a business's competitiveness?
How does risk management contribute to a business's competitiveness?
How does risk management help businesses achieve a competitive advantage in the market?
How does risk management help businesses achieve a competitive advantage in the market?
What is a key driver of competitiveness in risk management?
What is a key driver of competitiveness in risk management?
How does risk management contribute to a business's competitiveness in the long run?
How does risk management contribute to a business's competitiveness in the long run?
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