Which one of the following lists of sources of risk best describes operational risk: Select one: a. People, processes, systems and reputation. b. People, systems, external events and processes. c. People, processes and external events. d. People, systems, IT and external events.

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

Mention two Inputs, Tools & Techniques, and the Outputs of each of these processes involved in risk management:Identify RisksImplement Risk Responses

Risks related to natural disasters can generally be categorized asGroup of answer choicesStrategy risksPreventable risksNone of the options is suitableExternal risks

Explain why risk management should involve the following elements: threats, exposure associated with each threat, risk of each threat occurring, cost of controls, and assessment of their effectiveness.

Risk is defined as the Blank______.Multiple choice question.possibility of suffering harm or loss resulting from a given actionidentification, assessment, and prioritization of suffering harm from a given actionsubjective judgment people make about the characteristics and severity of suffering harm from a hazardprocess of identifying potential hazards and analyzing what could happen if a hazard occurs