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Questions and Answers
Which of the following is NOT a contribution of Risk Management?
Which of the following is NOT a contribution of Risk Management?
- More accurate reporting of business information
- Simplification of business processes (correct)
- Better decision making
- Increased Efficiency
What is the primary objective of Hazard Management?
What is the primary objective of Hazard Management?
- Making outcomes more positive
- Reducing the spread of possible outcomes
- Minimising opportunity risks
- Making outcomes less negative (correct)
What is the focus of Control Management in Risk Management?
What is the focus of Control Management in Risk Management?
- Reducing the spread of possible outcomes (correct)
- Making outcomes more positive
- Increasing the spread of possible outcomes
- Minimising opportunity risks
Which of the following is a step in the Risk Management Process?
Which of the following is a step in the Risk Management Process?
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What is the focus of Opportunity Management in Risk Management?
What is the focus of Opportunity Management in Risk Management?
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What is the result of effective Risk Management?
What is the result of effective Risk Management?
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What is the goal of Risk Identification?
What is the goal of Risk Identification?
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What is the purpose of Risk Analysis?
What is the purpose of Risk Analysis?
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What is the objective of Risk Treatment?
What is the objective of Risk Treatment?
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What is the focus of Risk Review?
What is the focus of Risk Review?
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What is the result of effective Risk Reporting?
What is the result of effective Risk Reporting?
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