Mastering Risk Assessment
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Questions and Answers

Which of the following is NOT a component of an effective risk assessment program?

  • Financial allocations
  • Clearly defined objectives
  • Qualified personnel
  • Legal and regulatory considerations (correct)

    • Who should manage the risk assessment program?

  • An external consultant
  • Any employee of the organization
  • A person with financial expertise
  • A competent person with training, skills, and experience (correct)

    • What does the risk assessment program establish?

  • The organizational structure
  • The overall risk management process
  • The parameters for planning and executing risk assessments (correct)
  • The commitment to risk assessments

    • What should be given priority in the risk assessment program?

    <p>Matters significant to the organization's mission and objectives</p> Signup and view all the answers

    What resources should be identified and committed to meet the program objectives?

    <p>Qualified personnel and financial allocations</p> Signup and view all the answers

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