Risk Management Principles Quiz
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Questions and Answers

What is a key part of improving the business and services of the Organisation?

  • Risk management (correct)
  • Financial management
  • Human resource management
  • Marketing strategy
  • Who is responsible for incorporating suitable risk management activities into business planning?

  • Employees' union
  • Managers (correct)
  • Outsourced service providers
  • Regulatory authorities
  • What does risk management aim to achieve in terms of controlling risks?

  • Best practice (correct)
  • Minimal effort
  • Standard practice
  • Adequate practice
  • What is demanded from all the Organisation's employees and outsourced service providers in the context of risk management?

    <p>Awareness and proactive action</p> Signup and view all the answers

    What is a key aspect to which the Organisation is committed to managing risk?

    <p>Quality of service</p> Signup and view all the answers

    What is a key part of improving the business and services of the Organisation?

    <p>Risk management</p> Signup and view all the answers

    What is a core responsibility for all managers according to the text?

    <p>Risk management</p> Signup and view all the answers

    What is a continuous process demanding awareness and proactive action from all the Organisation’s employees and outsourced service providers?

    <p>Risk management</p> Signup and view all the answers

    What does the Organisation aim to achieve in terms of controlling all the risks to which its business is exposed?

    <p>Best practice</p> Signup and view all the answers

    What will be incorporated into the Organisation's business planning, operations, and the management of its contractors and service providers?

    <p>Suitable risk management activities</p> Signup and view all the answers

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