Which of the following statements is FALSE? a. ISO 31000:2018 risk management principles can be used to measure the maturity if an organisation's approach to risk management. b. ISO 31000:2018 risk management principles are the same for all organisations. c. ISO 31000:2018 risk management principles are customised and therefore unique to every organisation. d. ISO 31000:2018 risk management principles influence the way an organisation conducts risk treatment.

The ISO 31000:2018 principle 'inclusive' is BEST described by which one of the following statements? a. Human behaviour and culture significantly influence all aspects of risk management at level and stage. b. Appropriate and timely involvement of stakeholders. c. Risk is considered in all aspects of an organisation's activities. d. Risk management explicitly takes account of limitations and uncertainties in information and expectations.

An organisation's appetite for risk, as expressed by risk level ratings, is the same for all risks because of the way the risk criteria is designed. Select one: True False

Which one of the following statements is TRUE. Strategic risk is: Select one: a. undesirable and an organisation should avoid the risk b. not referred to in AS ISO 31000 c. a less significant source of value destruction than operational risks d. the risk of choosing a bad strategy and the risk of badly executing the chosen strategy

Which of the following statements best describes the ISO 31000:2018 definition of risk? Select one: a. Risk is the effect of uncertain organisational objectives. b. Risk is the probability of adverse events happening. c. None of the others. d. Risk is an uncertain consequence of an event, or an activity, on an individual's well-being.

Which of the following statements is FALSE? a. the Board may set a minimum desired level of risk in the Risk Appetite Statement. b. risk profile defines the maximum level of risk, above which an organisation will fail. c. Social Licence is lost when risk capacity is reached. d. risk appetite is the maximum level of risk tolerance.