Q27 During the context stage of a risk study, the ERM team for ZK Furniture elects to examine ZK Furniture’s financial r

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Q27
During the context stage of a risk study, the ERM team for ZK
Furniture elects to examine ZK Furniture’s financial ratios to
understand the business’s financial health before moving onto the
risk identification stage. This will enable them to…
Select one:
a.
open the dialogue with the finance department and the internal
auditors in ZK Furniture.
b.
assess whether ZK Furniture’s records are regularly updated.
c.
provide a quick and relatively simple way to examine the
financial position and performance of ZK Furniture.
d.
satisfy/reflect recommended ERM practices for this stage of the
risk process in ZK Furniture.
Clear my choice
Question 28
Which of the following is an example of a political risk factor
for the South African government?
Select one:
a.
Fiscal policy
b.
Monetary policy
c.
Monetary economic policy
d.
Inflation policy
Q29
In implementing operational risk management in a business,
external events which can occur outside of the business must be
taken into consideration. These events may require a business to
have response strategies in the form of …
Select one:
a.
change and knowledge management.
b.
project and knowledge management.
c.
change management and business contingency plans.
d.
project management and business contingency plans.
Q30
Market risk refers to the …
Select one:
a.
movement in the company share price over time.
b.
number of competitors moving into and out of the market the
business is operating in.
c.
exposure to losses arising from the change to the cost of raw
materials.
d.
exposure to a potential loss arising from diminishing sales due
to changes in market conditions outside the control of the
business.
Q31
Which one of the following is not a
recognised context stage (first stage) tool to obtain information
on the business?
Select one:
a.
SWOT analysis
b.
PEST analysis
c.
Financial analysis
d.
Sensitivity analysis