This quiz works best with JavaScript enabled. Home > Risk Management > Enterprise Risk Management – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Enterprise Risk Management Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Risk occurs if we have: A) Objective. B) Budget. C) Activity. D) Employee. Show Answer Correct Answer: A) Objective. 2. What is definition of risk avoidance? A) Risk that can be totally avoided by avoiding the activity or setting that could contribute to the risk. B) Risk that is accepted and management internally rather than passing it to a third parties. C) Risk that refer to diversifying risk by spreading it over multiple assets investment or project. D) None of above. Show Answer Correct Answer: A) Risk that can be totally avoided by avoiding the activity or setting that could contribute to the risk. 3. Loss prevention programs include ..... A) Fire drills. B) Sprinklers. C) Safety equipment. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. The use of Third Party Partners is a form of Risk Response A) Reduce Likelihood. B) Reduce Impact. C) Transfer. D) Avoid. Show Answer Correct Answer: C) Transfer. 5. The Risk Level Classification in the Telkom Impact Table is: A) Very High-High-Medium-Low-Very Low. B) High-Medium-Low. C) Very High-Medium-Very Low. D) Very High-High-Low-Very Low. Show Answer Correct Answer: A) Very High-High-Medium-Low-Very Low. 6. The risk classification in Telkom's Risk Profile is: A) Strategic Risk-Financial Risk-Compliance Risk-Operation Risk. B) Strategic Risk-Financial Risk-Compliance Risk-HR Risk-Operation Risk. C) Strategic Risk-Financial Risk-Compliance Risk-HR Risk-Operation Risk-IT Risk. D) Strategic Risk-Financial Risk-Compliance Risk-HR Risk-Operation Risk-IT Risk-Digital Risk. Show Answer Correct Answer: A) Strategic Risk-Financial Risk-Compliance Risk-Operation Risk. 7. What does Internal Objective functions in COSO ERM Framework A) Facilitate risk aware activities so that employees understand the situations. B) Monitored and modified the risk assessment as necessary. C) Analysing the risk by consider the likelihood impact to the organization. D) Set the basis how risk is viewed and addressed those risk that possibly happen in organization. Show Answer Correct Answer: D) Set the basis how risk is viewed and addressed those risk that possibly happen in organization. 8. The influence of uncertainty on the achievement of company goals or targets is called..... A) Risk. B) Reason. C) Consequence. D) Possibility. Show Answer Correct Answer: A) Risk. 9. One of the definitions regarding the influence of uncertainty on goal achievement refers to A) ISO 31000. B) ISO 20009. C) ISO 30000. D) ISO 22000. Show Answer Correct Answer: A) ISO 31000. 10. What is the definition of risk management strategy? A) Method that enable firms to respond swiftly and efficiently to business risks. B) To diversifying risk by spreading it over multiple assets investment or project. C) Accepted and management internally rather than passing it to a third party. D) None of above. Show Answer Correct Answer: B) To diversifying risk by spreading it over multiple assets investment or project. 11. The acceptable degree of relative variation in the achievement of a goal is the definition of..... A) Risk tolerance. B) Risk appetite. C) Risk criteria. D) Risk condition. Show Answer Correct Answer: A) Risk tolerance. 12. Risks from the internal environment are divided into 5 factors or what are called 5M, including..... A) Man, Method, Material, Mapping and Mind. B) Man, Method, Material, Machine and Mapping. C) Man, Method, Material, Machine and Money. D) Man, Material, Machine, Money and Mind. Show Answer Correct Answer: C) Man, Method, Material, Machine and Money. 13. The correct flow of the risk management framework according to ISO is A) Mandate and Commitment, Framework Design, Management Implementation, Monitoring and Review, Continuous Improvement, Framework Design, Mandate and Commitment. B) Mandate and Commitment, Management Implementation, Framework Design, Monitoring and Review, Continuous Improvement, Framework Design, Mandate and Commitment. C) Mandate and Commitment, Framework Design, Monitoring and Review, Implementation, Continuous Improvement, Framework Design, Mandate and Commitment. D) Mandate and Commitment, Framework Design, Management Implementation, Continuous Improvement, Monitoring and Review, Framework Design, Mandate and Commitment. Show Answer Correct Answer: A) Mandate and Commitment, Framework Design, Management Implementation, Monitoring and Review, Continuous Improvement, Framework Design, Mandate and Commitment. 14. Which year was the Australia/New Zealand Standard AS/NZS 4360 first published? A) 1995. B) 2001. C) 2006. D) 2014. Show Answer Correct Answer: A) 1995. 15. The following are the principles of risk management, except..... A) Statis. B) Inclusive. C) Integrated. D) Structured and thorough. Show Answer Correct Answer: A) Statis. 16. Which risk comprises the analysis and evaluation of risk through processes of identification, description and estimation in the AIRMIC, ALARM, IRM Risk Management Standard? A) Risk monitoring. B) Risk treatment. C) Risk reporting. D) Risk assessment. Show Answer Correct Answer: D) Risk assessment. 17. What is included in the Risk Management Monitoring & Evaluation category in Generation Asset Management? A) Assessment and Evaluation of Company ERM Maturity Level from Independent Institutions and Parent Companies. B) ERM Unit Performance Contract Assessment. C) Evaluation of the Effectiveness and Adequacy of Risk Management Guidelines. D) All answers are Correct. Show Answer Correct Answer: D) All answers are Correct. 18. The risk value after control is called..... A) Inherent Risk. B) Current Risk. C) Actual Risk. D) Residual Risk. Show Answer Correct Answer: B) Current Risk. 19. After measuring the related risks, Management determines efforts to handle or respond to these risks. Below are the types of treatment that can be carried out, except: A) Risk Avoidance. B) Risk Reduction. C) Risk Allocation. D) Risk Transfer. Show Answer Correct Answer: C) Risk Allocation. 20. Below are the Islamic Views on Risk, EXCEPT? A) Risk Sharing. B) Manage the Risk. C) Reduce the Risk. D) Healthy Risk. E) Risk Transfer. Show Answer Correct Answer: E) Risk Transfer. ← PreviousNext →Related QuizzesEnterprise Risk Management Quiz 1Enterprise Risk Management Quiz 2Enterprise Risk Management Quiz 3Enterprise Risk Management Quiz 4Enterprise Risk Management Quiz 6Enterprise Risk Management Quiz 7Credit Risk Management QuizOperational Risk Management Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books