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.
A.House keeping
B.Manage
C.Contingency
D.Monitoring
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A.Monitoring
B.Housekeeping
C.Manage
D.Contingency
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A.Occurs only in exceptional circumstances
B.Anything that will prevent you from achieving your goals and objective
C.An activity that would pose if no controls are in place
D.All statements a, b, and c are true
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A.Monitoring
B.House keeping
C.Manage
D.Contingency
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