Short Trivia Quiz On Organizational Strategy!

5 Questions | Total Attempts: 59

SettingsSettingsSettings
Please wait...
Short Trivia Quiz On Organizational Strategy!

.


Questions and Answers
  • 1. 
    There are two levels of risk assessment, which are those: i. Strategic Risk Assessment ii. Political Risk Assessment iii. Child Well-Being Risk Assessment iv. Process Risk Assessment
    • A. 

      I and iii

    • B. 

      I, iii and iv

    • C. 

      I and iv

    • D. 

      Iii and iv

  • 2. 
    What is not correct regarding the risk statement?
    • A. 

      It’s a reverse of the objective

    • B. 

      Risk should identify the impacts

    • C. 

      Risk is not about ineffective controls

  • 3. 
    What is false about Organizational Strategy?
    • A. 

      Strategies should be align with the Organization's mission & vision

    • B. 

      Strategies are the basis of restructuring, reorganization and creation of departments and functions

    • C. 

      Organizational Strategies are formulated by the process owners

  • 4. 
    ______________ is an approach of identifying the likely source of strategic risk from the different processes established by the organization during strategic audit planning.
    • A. 

      Risk searching

    • B. 

      Risk sourcing

    • C. 

      Risk mapping

    • D. 

      Risk register

  • 5. 
    To enable internal audit to focus on the critical risks to the organization, the organization’s department and units should be a foundational element when developing a risk-based audit plan. This will align the internal audits with the organization’s strategic priorities and help ensure its resources are allocated to the areas of significant importance. Practice Advisory 2120-03 The above statement is :
    • A. 

      True

    • B. 

      False

Back to Top Back to top