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Questions and Answers
According to Dr. Chirag Joshi, what is risk made up of?
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?
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?
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?
What is management's responsibility with regard to risk?
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According to Dr. Chirag Joshi, why is it sometimes challenging to identify risk?
According to Dr. Chirag Joshi, why is it sometimes challenging to identify risk?
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