Understanding Opportunity Risks Quiz
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Questions and Answers

Summarize the principles of risk management: proportionate, aligned, comprehensive, embedded, and ______.

dynamic

Explain the importance of the relationship between the external context, internal context, and the risk management ______.

context

Describe the scope and importance of establishing the context as the first stage in the risk management ______.

process

Describe the key stages in the risk management process and the main components of a risk management ______.

<p>framework</p> Signup and view all the answers

Risk is often perceived as undesirable according to the Oxford English Dictionary - Hazard, danger, loss, or adverse ______.

<p>consequences</p> Signup and view all the answers

Risk in the organizational context is defined as anything that can impact the fulfillment of the organization’s ______.

<p>objectives</p> Signup and view all the answers

Risk is best defined by concentrating on ______.

<p>events</p> Signup and view all the answers

Risk is often associated with potential ______.

<p>loss</p> Signup and view all the answers

Risk management is important to strategy, tactics, operations, and ______.

<p>compliance</p> Signup and view all the answers

The establishment of a risk management framework helps in identifying and addressing potential ______.

<p>hazards</p> Signup and view all the answers

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