Q50 Which element in the enterprise risk management (ERM) structure provides the foundation and arrangement for embeddin

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Q50
Which element in the enterprise risk management (ERM) structure
provides the foundation and arrangement for embedding risk
management throughout the organisation at all levels?
Select one:
a.
Internal control
b.
Risk management process
c.
Corporate gove
Q51
Which one of the following is a macropolitical risk factor a
South African business may face when conducting business
overseas?
Select one:
a.
Unexpected changes in tax rules in a foreign country
b.
Industry-specific taxation
c.
Systemic risk
d.
Changes in the South African monetary policy
Q52
Which one of the following statements
is incorrect with regard to credit
risk?
Select one:
a.
Credit risk is the financial loss suffered due to the default of
a borrower or counterparty under a contract.
b.
Counterparty risk relates to the certainty surrounding the
payment of future amounts.
c.
Default risk is the probability of the event of default.
d.
Recovery risk relates to the uncertainty over the likely
recovery.
Q53
Which of the following are examples of unethical business
practices?
a Insider trading
b Money laundering
c Invasion of privacy
d Inadequate internal controls
Choose the correct combination:
Select one:
a.
a,b
b.
a,b,c
c.
a,b,d
d.
a,b,c,d
Q54
All stakeholders and regulators are pressing board of directors
to manage risk more …
Select one:
a.
systematic.
b.
operational.
c.
compliant.
d.
external.