This quiz works best with JavaScript enabled. Home > Risk Management > Enterprise Risk Management – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Enterprise Risk Management Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Risk Ranking Means? A) Risk ranking is a process by which risks can be prioritised for action. B) Risk evaluation of identified hazards taking into account the existing controls and defences. C) Risk is a function of the probability of contact with (or exposure to) a hazard, multiplied by the likely severity of the consequences of that contact or exposure. D) A "hazard" is a condition, property or situation with the potential for loss. Show Answer Correct Answer: A) Risk ranking is a process by which risks can be prioritised for action. 2. What is not included in the treatment of potential risks is A) Prevent, reduce, add, maintain. B) Prevent, reduce, reject, redirect. C) Prevent, reduce, accept, redirect. D) Prevent, forget, reduce, leave. Show Answer Correct Answer: C) Prevent, reduce, accept, redirect. 3. Risk assessment includes: A) Risk identification and risk analysis. B) Risk identification, risk analysis and risk evaluation. C) Risk identification and risk management. D) Establish risk context and identify risks. E) All true. Show Answer Correct Answer: B) Risk identification, risk analysis and risk evaluation. 4. What is the meaning of Customized Risk Management Principles? A) Same for every type of company. B) Adapted to the type and type of company. C) All true. D) Nothing is true. Show Answer Correct Answer: B) Adapted to the type and type of company. 5. Which of the following answer does NOT refer to Risk Management Process (COSO)? A) Establishing the context. B) Risk identification. C) Risk analysis. D) Risk transfer. Show Answer Correct Answer: D) Risk transfer. 6. The types of impacts in the Telkom Impact Table are as follows, except: A) Financial. B) Reputation. C) Law/Regulation. D) IT (Information Technology). Show Answer Correct Answer: D) IT (Information Technology). 7. Ensuring that treatment plans have been implemented effectively is the goal of..... A) Risk management. B) Risk assessment. C) Identify risks. D) Monitoring and survey. Show Answer Correct Answer: D) Monitoring and survey. 8. Risk handling actions to reduce the possibility of risks occurring through creating internal procedures and supervision, training, internal socialization are actions of..... A) Sharing. B) Transfer. C) Accept. D) Mitigation. Show Answer Correct Answer: D) Mitigation. 9. ..... is the process of identification, analysis, acceptance of uncertainty in investment decisions. A) Loss prevention. B) Risk management. C) Safety equipment. D) Uncontrollable risk. Show Answer Correct Answer: B) Risk management. 10. The ability to identify and eliminate unacceptable risks is the understanding of A) Safety. B) Incident. C) Accident. D) Hazard. Show Answer Correct Answer: A) Safety. 11. The following are the purposes and benefits of ERM, except..... A) Integrate risk management with the company's strategic plan. B) Achieving sustainable growth (sustainable growth). C) Drive governance and compliance. D) Minimize budget volatility. Show Answer Correct Answer: D) Minimize budget volatility. 12. What is the content of ISO 31000:2008? A) Vocabulary. B) Principles and Guidelines. C) Risk Assessment Technique. D) All true. Show Answer Correct Answer: B) Principles and Guidelines. 13. Balanced corporate governance, a system where entities are directed and controlled is the definition of A) Company Code of Conduct. B) Corporate Governance. C) Corporate Social Responsibility. D) Corporate Public Relation. Show Answer Correct Answer: B) Corporate Governance. 14. Operational risk, reputation risk and Shariah risk are classified under ..... A) Financial risks. B) Non-financial risk. C) Systemic risk. D) Unsystematic risk. Show Answer Correct Answer: B) Non-financial risk. 15. What are the main duties of managers in an organization? A) To anticipate and manage risks. B) To create a risk-aware culture. C) To maximize organizational value. D) To develop risk management infrastructure. Show Answer Correct Answer: A) To anticipate and manage risks. 16. The correct steps or sequence in the Assessment in the Risk Management Process are? A) Risk Analysis-Risk Identification-Risk Evaluation. B) Risk Identification-Risk Analysis-Risk Evaluation. C) Risk Evaluation-Risk Identification-Risk Analysis. D) Risk Identification-Risk Treatment-Risk Evaluation. Show Answer Correct Answer: B) Risk Identification-Risk Analysis-Risk Evaluation. 17. What items include risk management controls? A) The identification valve drill. B) Identification of risk management reporting. C) Evaluation feedbackreporting. D) Identification of measurement evaluation. Show Answer Correct Answer: C) Evaluation feedbackreporting. 18. Risk Assessment means? A) Risk assessment of hazards identified through a review of the potential unsafe-acts. B) Risk evaluation of identified hazards taking into account the existing controls and defences. C) Risk ranking is a process by which risks can be prioritised for action. D) Risk is a function of the probability of contact with (or exposure to) a hazard. Show Answer Correct Answer: B) Risk evaluation of identified hazards taking into account the existing controls and defences. 19. Public Relations activities are a form of Risk Response: A) Reduce Likelihood. B) Reduce Impact. C) Transfer. D) Avoid. Show Answer Correct Answer: B) Reduce Impact. 20. Risk Management Principles according to ISO 31000:2018 with serial number 1 are? A) Integrated. B) Structured & Comprehensive. C) Value Creation & Protection. D) Human & Cultural Factors. Show Answer Correct Answer: C) Value Creation & Protection. ← PreviousNext →Related QuizzesEnterprise Risk Management Quiz 1Enterprise Risk Management Quiz 2Enterprise Risk Management Quiz 3Enterprise Risk Management Quiz 4Enterprise Risk Management Quiz 5Enterprise Risk Management Quiz 7Credit Risk Management QuizOperational Risk Management Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books