Mastering Risk Analytics
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Questions and Answers

According to Dr. Chirag Joshi, what is risk made up of?

  • Both the probability of something going wrong and the negative consequences of it (correct)
  • Neither the probability nor the negative consequences of something going wrong
  • The negative consequences of something going wrong
  • The probability of something going wrong
  • What is the purpose of risk analysis?

  • To identify risk and prepare for it
  • To minimize disruption to events
  • To control risk in an effective way
  • All of the above (correct)
  • What is one of the recommended techniques for the Boards to manage risks?

  • Handling big data
  • Investing in information systems (correct)
  • Identifying potential problems
  • Minimizing disruption to events
  • What is management's responsibility with regard to risk?

    <p>To manage risks</p> Signup and view all the answers

    According to Dr. Chirag Joshi, why is it sometimes challenging to identify risk?

    <p>Because risk is often hidden or overlooked</p> Signup and view all the answers

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