This quiz works best with JavaScript enabled. Home > Risk Management > Enterprise Risk Management – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Enterprise Risk Management Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Risks are: A) Past events that have hindered achieving goals. B) Past events that definitely happened. C) Future events that may hinder goal achievement. D) Future events that are certain to occur. Show Answer Correct Answer: C) Future events that may hinder goal achievement. 2. Risk is the uncertainty that impacts the target is the understanding of A) Safety. B) Hazard. C) Injury. D) Risk. Show Answer Correct Answer: D) Risk. 3. THE NATURE OF RISK FOR BANKING INSTITUTIONS CAN BE CATEGORIZED INTO TWO TYPES: A) Systematic risk and unsystematic risk. B) Financial risks and non-financial risks. C) Risk appetite and risk tolerance. D) Credit risk and liquidity risk. Show Answer Correct Answer: B) Financial risks and non-financial risks. 4. ERM is mainly focused on clinical risks such as patient safetyT/F A) True. B) Speak. Show Answer Correct Answer: B) Speak. 5. Programs ..... which are in the form of assets will be proposed to be submitted in the Company/Unit's investment budget, while those which are not in the form of assets will be proposed to be submitted in the operating budget. The proposed operating budget is then proposed to be designated as RKAP/RKAP. The correct answer to fill in the blanks above is? A) Risk Control. B) Risk Review. C) Actual Risk. D) Risk Mitigation. Show Answer Correct Answer: D) Risk Mitigation. 6. Risk can be defined as ..... and severity of the event and undesired consequences of an ..... A) Doubt, Action. B) Uncertainties, Activity. C) Susicion, Act. D) Severity, Event. Show Answer Correct Answer: B) Uncertainties, Activity. 7. The types of risks that can be insured are known as terms. A) Pure Risk. B) Speculative Risk. Show Answer Correct Answer: A) Pure Risk. 8. Below are the Coventional Views on Risk, EXCEPT? A) Minimise the Risk. B) Eliminating the Risk. C) Risk Transfer. D) Risk Sharing. Show Answer Correct Answer: D) Risk Sharing. 9. What is the purpose of risk monitoring, according to HM Treasury's Orange Book? A) To support a detailed consideration of the nature and level of risk. B) To understand how the risk profile is changing and the extent to which internal controls areoperating as intended to provide reasonable assurance over the management of risks toan acceptable level. C) Selecting the most appropriate risk treatment option. D) To review the adequacyand effectiveness of internal controls. Show Answer Correct Answer: B) To understand how the risk profile is changing and the extent to which internal controls areoperating as intended to provide reasonable assurance over the management of risks toan acceptable level. 10. Risk can be measured using two aspects, what are these aspects? A) Likelihood of Occurrence and Impact on targets. B) Inherent Risk dan Target Residual Risk. C) Actual Risk dan Control Risk. D) All answers are correct. Show Answer Correct Answer: A) Likelihood of Occurrence and Impact on targets. 11. The following is a framework for risk management, except..... A) Integration. B) Leadership & commitment. C) Feasibility. D) Improvement. Show Answer Correct Answer: C) Feasibility. 12. Risk Evaluation? Risk =..... *..... A) Probability of the Event * Potential Hazard. B) Risk of the Event * Potential Severity. C) V * S. D) Probability of the Event * Potential Severity. Show Answer Correct Answer: D) Probability of the Event * Potential Severity. 13. A comprehensive risk management program that addresses an organization's pure risks, speculative risks, strategic risks and operational risks is called an Enterprise Risk Management ProgramT/F? A) True. B) Speak. Show Answer Correct Answer: A) True. 14. The following are risk management techniques, EXCEPT: A) Terminate. B) Transpose. C) Transfer. D) Treat. Show Answer Correct Answer: B) Transpose. 15. The main purposes of using a helmet for motorbike drivers are: A) Reduces the possibility of injury if you fall. B) Reduces the impact of injury if you fall. C) Reduces the chance of falling. D) Reduces the possibility of accidents. Show Answer Correct Answer: B) Reduces the impact of injury if you fall. 16. "It is better to deal with Risks than to deal with Problems" . This statement can be supported by the following statement? A) Because, a problem is something that has happened and the action/handling is carried out after the incident which has the possibility that the company will incur greater costs. B) Because risks have not yet occurred and can be identified and the possibility and impact of their occurrence on achievement targets can be minimized before the risk turns into a problem/crisis. C) Answers a & b are wrong. D) Answers a and b are correct. Show Answer Correct Answer: D) Answers a and b are correct. 17. The level of risk that we can still accept is called: A) Risk Manageable. B) Risk Level. C) Risk Accepted. D) Risk Appetite. Show Answer Correct Answer: D) Risk Appetite. 18. Which of the following is not an element of COSO Enterprise Risk Management? A) Enhancing risk response decisions. B) Reducing operating surprises and losses. C) Identification of risks and opportunities affecting achievement of an entity's objectives. D) Improving deployment of information technology. Show Answer Correct Answer: D) Improving deployment of information technology. 19. Bank's Exposure to Risk Stem from Their Unique Position as Financial Intermediaries Between ..... and ..... in The Economic System. A) Borrower, Creditor. B) Customer, Depositor. C) Fund Provider, Fund User. D) Banker, Stakeholder. Show Answer Correct Answer: C) Fund Provider, Fund User. 20. Pure risk is defined as something that can only result in harm or nothing will happen and is unlikely to be profitable. The type of pure risk is..... A) Market Risk. B) Credit Risk. C) Employee Risk. D) Strategy Risk. Show Answer Correct Answer: C) Employee Risk. ← PreviousNext →Related QuizzesEnterprise Risk Management Quiz 1Enterprise Risk Management Quiz 2Enterprise Risk Management Quiz 3Enterprise Risk Management Quiz 5Enterprise Risk Management Quiz 6Enterprise Risk Management Quiz 7Credit Risk Management QuizOperational Risk Management Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books