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 of the following statement is TRUE? An organisation's risk appetite is: a. the same as the shareholders of the company. b. the same for all different types of risks. c. expressed in writing and approved by the Board. d. the same as the Chief Executive Officer's personal appetite.

Risk perception is an individual’s willingness to accept a certain amount of risk.Select one:TrueFalse

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.

In decision making risk is measured by :

The Risk Appetite Statement is a formal written document, approved by Internal Audit, that should be informed by the organisation's risk capacity