#1
Which of the following is an example of a financial risk?
Market risk
Employee turnover
Technological obsolescence
Customer satisfaction
#2
Which industry is most likely to face regulatory compliance risks?
Manufacturing
Healthcare
Retail
Entertainment
#3
Which of the following is an example of operational risk?
Natural disasters
Changes in government regulations
Technological failures
Credit risk
#4
What is the purpose of a risk register in risk management?
To assign blame for risks
To track identified risks and their characteristics
To eliminate all potential risks
To transfer all risks to a third party
#5
Which of the following is a characteristic of residual risk?
It is the risk before any risk management actions are taken
It is the risk that remains after risk management actions are implemented
It is the risk associated with financial markets
It is the risk transferred to another party
#6
What is the primary goal of risk management?
To eliminate all risks
To transfer all risks
To minimize the impact of risks
To ignore risks
#7
Which risk management strategy involves accepting the consequences of a risk without attempting to control it?
Risk avoidance
Risk transfer
Risk mitigation
Risk acceptance
#8
Which of the following is a key component of enterprise risk management (ERM)?
Cost management
Strategic planning
Supply chain management
Risk culture
#9
In the context of project risk management, what does the term 'mitigation' refer to?
Transferring risk to another party
Eliminating the risk entirely
Reducing the probability or impact of a risk
Accepting the risk without action
#10
Which of the following is a characteristic of a well-defined risk appetite?
It encourages excessive risk-taking
It is ambiguous and open to interpretation
It aligns with organizational objectives and values
It disregards the impact of risks
#11
What does the term 'hazard analysis' refer to in risk management?
Identifying potential sources of harm
Assessing financial losses
Forecasting market trends
Evaluating employee performance
#12
Which risk management approach involves diversifying investments to reduce risk?
Risk avoidance
Risk transfer
Risk mitigation
Risk diversification
#13
Which risk management technique involves retaining risk within an organization rather than transferring it?
Risk avoidance
Risk transfer
Risk retention
Risk mitigation
#14
What is a key benefit of conducting regular risk assessments?
To increase uncertainty
To identify emerging risks
To avoid risk management
To ignore stakeholder concerns
#15
What is the purpose of risk monitoring and control?
To ignore risks
To identify new risks
To track identified risks and implement risk response plans
To transfer all risks to insurance companies