Other
RSK2601 Assignment 1 2023
- Course
- Institution
100% PASS FOR RSK2601 ASSIGNMENT 1 SEMESTER 2023
[Show more]
Seller
Follow
mbobolungisani
Content preview
FOR MORE DETAILS : CONTACTS 060 667 8644Started on Thursday, 31 August 2023, 12:39 PM
State Finished
Completed on Thursday, 31 August 2023, 12:45 PM
Time taken 6 mins 28 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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
Feedback
Your answer is correct.
The correct answer is:
all of the above
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Indicate the correct statement.
, FOR MORE DETAILS : CONTACTS 060 667 8644
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.
Feedback
Your answer is correct.
The correct answer is:
Risk implies the presence of uncertainty.
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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.
Feedback
Your answer is correct.
The correct answer is:
risk assessment should be performed on an ongoing basis.
Question 4
Correct
Mark 1.00 out of 1.00
Flag question
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 mbobolungisani. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.37. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85169 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now