Intro To Risk Management - Chapter One Quiz
With the increase of risks facing business, it is very important for us to ensure that we come up with ways to avoid or minimize their impact. In chapter one, we got to understand the basics of risk management. Take up the quiz below and see if you were attentive during class before we start on chapter 2.
- 1.Which of the United Nations Entities below are not part on the United Nations Country Team?
- A.
UNDP
- B.
UNESCO
- C.
World Bank
- D.
UNOPS
- E.
UNMISS
- 2.Risk is just about security
- A.
True
- B.
False
- 3.Please select the correct definition of Risk
- A.
The chance of something happening which will impact on the cost of the programme. It is measured in terms of probability and possibility.
- B.
The chance of something happening that will have an impact on objectives. It is measured in terms of consequences and likelihood.
- C.
The level of risk that will have an impact on objectives. It is measured in terms of Intent and Capability.
- D.
The level at which nothing happens that will have no impact on objectives. It is measured in terms of High to Low.
- 4.Please select the correct definition of Risk Management?
- A.
The consequences, level and likelihood that are calculated towards the effective management of potential opportunities and adverse effects
- B.
The qualitative and quantitative processes and structures that are directed towards the effective management of potential risks and adverse consequences
- C.
The culture, processes and structures that are directed towards the effective management of potential opportunities and adverse effects.
- D.
The management of the effects of processes and finances that are directed towards the management of implementing partners and programmes to document adverse effects.
- 5.Choose two of the following options that best describes the types of Risk Management
- A.
Quantitative
- B.
Progressive
- C.
Qualitative
- D.
Evaluative
- E.
Consequential
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