Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

10 Questions

1 Views

Organizational Crisis Management Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does 'risk sharing or transfer' involve?

Accepting risks without taking any action

Applying controls and processes

Monitoring key performance indicators

Contracting with a third party to bear some or all costs of a risk (correct)

When is a risk accepted according to the text?

When risks are shared with a third party

When monitoring key performance indicators

When risks fall within the organization's risk appetite and tolerance (correct)

When controls are working as intended

What is the purpose of risk management according to the text?

To identify potential problems after they occur

To leverage opportunities after they occur

To only apply controls and processes

To identify potential problems before they occur (correct)

What is emphasized in the text about mitigating risks?

It is less costly to prevent risks from triggering rather than dealing with them after they trigger Signup and view all the answers

What activities are involved in the 'Monitoring and review' step of risk management?

Measuring key performance indicators and looking for key risk indicators Signup and view all the answers

Which phase of a project is risk management considered important according to the text?

Initiation phase Signup and view all the answers

'Risk treatment' in the context of risk management involves:

Applying agreed-upon controls and processes Signup and view all the answers

'Crisis management' deals with:

Handling an event that occurs at a specific point in time Signup and view all the answers

What should monitoring activities in risk management focus on?

Measuring key performance indicators and looking for key risk indicators Signup and view all the answers

How does the text suggest dealing with risks to prevent failure?

Proactively mitigating risks before they trigger Signup and view all the answers