When communicating a D
decision up the
organization's chain of
command, consulting with
outside experts can help a
risk management
professional do which one
of the following?
A. Seek feedback from
stakeholders
B. Stay focused on the
organization's objectives
C. Define the organization's
risk appetite
D. Enhance stakeholders'
confidence in the process
Which of the following risk B
management program
goals is an essential goal
for all public entities?
A. Earning stability
B. Continuity of operations
C. Growth
D. Survival
,The traditional definition of B
risk management reflects
the traditional concept of
risk as
A. Both positive and
negative.
B. Negative.
C. Uncontrollable.
D. Strategic.
During the past year, D
International Toys has
undertaken four capital
projects. The company has
renovated and refurbished
one of its aging warehouse
buildings. It has purchased
the most recent version of
its current order processing
computer software. It has
added two trucks to its fleet
of delivery vehicles. Lastly, it
has purchased a new
production machine that
will allow it to launch a new
product line. Which one of
the following company
projects is the most
speculative risk?
A. The two new trucks
B. The warehouse
refurbishment
C. The software upgrade
D. The new production
machine
,Which one of the following A
statements is true regarding
the basic measures that
apply to risk management?
A. Consequences measure
the degree to which an
occurrence could positively
or negatively affect an
organization.
B. Hedging is a risk
management strategy that
can reduce the risk of
correlation.
C. Risk increases as volatility
decreases.
D. Longer time horizons are
generally less risky that
shorter ones.
Which one of the following A
provides a measure of the
maximum potential damage
associated with an
occurrence?
A. Exposure
B. Duration
C. Underwriting risk
D. Maximum probable loss
, Samuel was recently hired A
as a risk management
professional for Parker
Property Management. He
has been asked by senior
management to review the
organization's current
insurance policies to make
sure that the organization is
adequately protected, and
also see if there are any
opportunities to save on the
premiums. Samuel must do
which one of the following
through internal
communication before he
will be able to complete
this task?
A. Determine the
organization's risk appetite
B. Identify all of the risks
that the organization faces
C. Earn the confidence of
the organization's board of
directors
D. Become familiar with
industry regulations
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