Q38 The chief operations officer of Company XYZ has instructed the internal audit department to investigate why regular

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Q38
The chief operations officer of Company XYZ has instructed the
internal audit department to investigate why regular customers who
previously purchased product X are no longer purchasing the
product. He wants to know why this has happened and what steps need
to be implemented to prevent future occurrences like this. The
investigation that the internal audit department will do is an
example of … analysis.
Select one:
a.
risk
b.
casual
c.
decision
d.
Pareto
Q39
Pareto analysis is used to …
Select one:
a.
identify those risks that will have a dramatic impact on
business projects/activities and objectives.
b.
determine the expected return of an asset in relation to its
risk or risk profile.
c.
structure decisions, uncertain events and values of
outcomes.
d.
identify the causes of any risk.
Q40
Decision analysis is used to …
Select one:
a.
structure decisions, uncertain events and values of
outcomes.
b.
identify the causes of any risk.
c.
determine the expected return of an asset in relation to its
risk or risk profile.
d.
identify those risks that will have a dramatic impact on
business projects/activities and objectives.
Q41
Health and safety management in an organisation helps to avoid
…
a the use of child labour.
b compensation payments due to workplace
accidents.
c decreasing insurance premiums.
d adverse media attention which could damage an
organisation’s reputation.
Choose the correct combination:
Select one:
a.
b,d
b.
a,c,d
c.
a,b,d
d.
a,b,c,d
Q42
Which of the following are examples of risk response
strategies?
a The strategy adopted to understate the level of
risk exposure.
b The strategy adopted to eliminate the risk
altogether.
c The strategy adopted to accept, absorb or tolerate
risk.
d The strategy adopted to transfer risk to another
entity, business or organisation.
Choose the correct combination:
Select one:
a.
a,d
b.
a,b,c
c.
b,c,d
d.
a,b,c,d