Question 1

ISO uses the concept of uncertainty as the driver and rationale for risk management.

Options :

A : True

B : False

Answer: A

Question 2

Which management ensures that value is created by identifying opportunities for investment, mergers, or acquisition.

Options :

A : Risk

B : Quality

C : Crisis

D : Safety

Answer: A

Question 3

Risk management takes human and cultural factors into account.

Options :

A : True

B : False

Answer: A

Question 4

Which of the following documents information are relevant to the organization’s risk management framework, process, and system?

Options :

A : Reporting and auditing

B : Recording and reporting

C : Visualizing and conceptualizing

D : Rationalizing and reporting

Answer: B

Question 5

How does a pure risk differ from a speculative risk?

Options :

A : A pure risk always has an environmental cause whereas a speculative risk always involves human error.

B : A pure risk can be measured in probability terms whereas a speculative risk cannot.

C : A pure risk is not subject to regulatory control but a speculative risk always is.

D : A pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

Answer: D

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