100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RSK2601 - Assessment 1 - 2023 Semester 2 - Distinction Review $4.71   Add to cart

Exam (elaborations)

RSK2601 - Assessment 1 - 2023 Semester 2 - Distinction Review

 10 views  1 purchase
  • Course
  • Institution

This document serves as a guide to help reflect on my review of Assessment 1 for RSK2601. This is purely for reflection purposes and shows my decisions on the answers to the assessment as well as the marks I obtained for each answer.

Preview 2 out of 11  pages

  • August 12, 2023
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
12/08/2023, 10:12 Assessment 1: Attempt review




UNISA  2023  RSK2601-23-S2  Welcome Message  Assessment 1

QUIZ




Started on Saturday, 12 August 2023, 8:43 AM
State Finished
Completed on Saturday, 12 August 2023, 10:10 AM
Time taken 1 hour 27 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00


Question 1

Incorrect

Mark 0.00 out of 1.00




What are the key obstacles in an organisation to integrate risk management with the
overall business strategy?
a Fear of creating a risk-averse and bureaucratic culture.

b The board does not understand or appreciate the principles and benefits of
ERM.
c Competition with other priorities.

d Directors consider risk management a task of line management and not the
board.

Choose the correct combination:


1. a, c

2. a, b, c

3. b, c, d 

4. all of the above




Your answer is incorrect.
The correct answer is:
all of the above




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12102934&cmid=626052 1/11

, 12/08/2023, 10:12 Assessment 1: Attempt review

Question 2

Correct

Mark 1.00 out of 1.00




Indicate the correct statement.


1. Risk implies the presence of uncertainty. 

2. Risk is the deviation of the expected result from the actual result.

3. The probability of an event refers to its short-term frequency of occurrence.

4. Uncertainty arises from a person’s perfect state of knowledge about future
events.




Your answer is correct.

The correct answer is:
Risk implies the presence of uncertainty.




Question 3

Correct

Mark 1.00 out of 1.00




In terms of the King III Code of governance principles ...


1. risk assessment should be performed on an ongoing basis. 

2. compliance should not form part of the risk management process.

3. risk management is separable from the company’s strategic business
processes.

4. internal audit should be integrated with the risk management process.




Your answer is correct.
The correct answer is:
risk assessment should be performed on an ongoing basis.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12102934&cmid=626052 2/11

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller economicfactswarehouse. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.71. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77333 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.71  1x  sold
  • (0)
  Add to cart