Q43 The purpose of risk analysis is to … Select one: a. prevent problems by determining the root cause. b. provide a jud

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Q43
The purpose of risk analysis is to …
Select one:
a.
prevent problems by determining the root cause.
b.
provide a judgement of the likelihood of the risks and
opportunities occurring and their impact, should they
materialise.
c.
assist an organisation in integrating risk management into its
management processes so that it becomes a routine activity.
d.
identify the risks to the business which would produce or remove
the likelihood of the business reaching its objectives and
opportunities.
Clear my choice
Q44
Which one of the following statements is not considered a
benefit of enterprise risk management (ERM)?
Select one:
a.
Minimise operational surprises and losses
b.
Enhance corporate governance
c.
Comply with relevant legal and regulatory requirements
d.
Align return appetite and strategy
Q45
A five by five probability impact matrix has been established
for a business activity. The labels for the scales for probability
and impact are very low, low, medium, high and very high. Which of
the following evaluated threats is the most significant and
potentially detrimental to the business activity outcome?
Select one:
a.
Threat A (very low probability, very high impact)
b.
Threat C (very high probability, medium impact)
c.
Threat B (high probability, very high impact)
d.
Threat D (medium probability, low impact).
Q46
Policy formulation, strategic thinking, supervisory management
and accountability are the four main functions of the board which
aim to …
Select one:
a.
manage risk and opportunity.
b.
manage the diversity of business risk.
c.
improve operational efficiency.
d.
strengthen the role of the board.
Q47
Policy formulation, strategic thinking, supervisory management
and accountability are the four main functions of the board which
aim to …
Select one:
a.
manage risk and opportunity.
b.
manage the diversity of business risk.
c.
improve operational efficiency.
d.
strengthen the role of the board.