Question 1

Which of the following models would be used to explore internal and external risks to a business?

Options :

A : Porter-s 5 Forces

B : STEEPLE

C : SWOT

D : Poisson Distribution

Answer: C

Question 2

Which of the following risks would likely be tolerated by a company?

Options :

A : no risks should be tolerated

B : opportunities which are low risk and low impact

C : opportunities which are low risk and high impact

D : opportunities which are high risk and low impact

Answer: B

Question 3

Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?

Options :

A : this is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

B : the organisation has a high risk appetite

C : the organisation has not recorded cause for cultural reasons

D : the organisation has completed the risk assessments incorrectly

Answer: C

Question 4

2021-07-23-18-48-15-361d6c186f2b89c0ea2ea8615b7eb3c7 Which of the following will you put into box 4?

Options :

A : hazard

B : financial

C : strategic

D : operational

Answer: B

Question 5

In which of the following industries is it common to find dedicated resource for risk management?

Options :

A : banking and insurance

B : agriculture

C : manufacturing

D : the public sector

Answer: A

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