Ranking Risk And Controls! Trivia Questions! Quiz
Risk is the danger you may incur if you choose to follow a specific route when it comes to doing something. In the business sector, we are taught about the different types of risks we might face and the controls put in place to minimize or eliminate the consequences we might incur. Take this quiz on the SAPA conference FY 13 on ranking risk and control and gauge your understanding.
- 1.What is the definition of Risk?
- A.
A.Occurs only in exceptional circumstances
- B.
B.Anything that will prevent you from achieving your goals and objective
- C.
C.An activity that would pose if no controls are in place
- D.
D.All statements a, b, and c are true
- 2.What is the definition of Residual Risk?
- A.
A.The risk that an activity would pose if there are no controls in place
- B.
B.The risk that an activity would pose in a maximized control environment
- C.
C.The risk that remains after controls are taken into account
- D.
D.The risk that remains before controls are taken into account
- 3.What type of control is a CCTV (close circuit tv) that is located at an ATM machine?
- A.
A.House keeping
- B.
B.Manage
- C.
C.Contingency
- D.
D.Monitoring
- 4.What type of control is used for risks which must be focused upon continuously by top management to minimize the likelihood of them occurring and the impact of them if they occur?
- A.
A.Monitoring
- B.
B.House keeping
- C.
C.Manage
- D.
D.Contingency
- 5.What type of control is Vehicle insurance?
- A.
A.Monitoring
- B.
B.Housekeeping
- C.
C.Manage
- D.
D.Contingency
Questions: 10 | Attempts: 18564 | Last updated: Aug 4, 2020
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