10 Questions
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 ______.
framework
Risk is often perceived as undesirable according to the Oxford English Dictionary - Hazard, danger, loss, or adverse ______.
consequences
Risk in the organizational context is defined as anything that can impact the fulfillment of the organization’s ______.
objectives
Risk is best defined by concentrating on ______.
events
Risk is often associated with potential ______.
loss
Risk management is important to strategy, tactics, operations, and ______.
compliance
The establishment of a risk management framework helps in identifying and addressing potential ______.
hazards
Test your knowledge on activities involving risks with expectations of positive returns that are not purely financial, but can be measured in terms of pride, self-esteem, or peer group respect. This quiz covers the concept of taking opportunity risks.
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