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Questions and Answers
What is risk?
What is risk?
- The certainty of achieving an enterprise's business goals and objectives
- The result of uncertainties that threaten an enterprise's ability to achieve its business goals and objectives (correct)
- The ability of an enterprise to avoid uncertainties
- The absence of uncertainties in an enterprise's operations
Why is a common risk vocabulary important for risk-related professionals?
Why is a common risk vocabulary important for risk-related professionals?
- To ensure a consistent approach to address and openly communicate about risk within the enterprise (correct)
- To limit the understanding of risk management
- To complicate the assessment of risk
- To confuse communication within the enterprise
Where are key risk terms explained in the study guide?
Where are key risk terms explained in the study guide?
- In a separate supplementary guide
- In the 'Glossary' at the beginning of each chapter
- Throughout the text without any specific section
- In the 'Terminology' section at the end of each chapter (correct)
What are the glossaries included in the study guide useful for?
What are the glossaries included in the study guide useful for?
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