1.Question 1What does the HR manager do in the “assess the risks” stage of the risk management process? 1 pointDetermine the chance of a particular risk occurring and the financial impact on the organization if it does.Conduct a cost-benefit analysis for safety equipment Identify all stakeholders involved in the risk management process Develop strategies to increase the organization's risk appetite 2.Question 2What are the two main categories of risk management? 1 pointProtecting the organization and protecting clients Protecting employees and protecting the organizationConducting risk-related performance evaluations and protecting clients Analyzing financial statements and identifying market threats3.Question 3An architecture firm accepts a large-scale project to design a complex building within a tight deadline. The firm ends up completing the project earlier than anticipated. What type of risk does this situation present?1 pointNegative riskUnidentified riskSkills riskPositive risk4.Question 4Risk-averse and risk-tolerant are both different types of what?1 pointRisk mindsets Risk histories Risk approaches Risk tools 5.Question 5When approaching risk with a positive mindset, why is it important to be proactive? 1 pointEarly identification and assessment of a risk can help determine if the risk is a potential opportunity. Being proactive limits the amount of risk that an organization will experience. Being proactive allows an organization to react to unforeseen risks. Simple risks and issues can be ignored if they are identified early enough in the risk management process. 6.Question 6What type of thinking does risk management with a negative mindset generally lead to? 1 pointRational Subjective Limited Emotional 7.Question 7In what way can non-compliance affect an organization and its operations?1 pointLong-term growth due to an increase in exposure and demand Loss of employees due to an increase in workloads Loss of reputation due to being perceived as unethical or irresponsibleExpansion opportunities due to being perceived as innovative and industry-leading8.Question 8Which of the following is an industry-specific organization that monitors compliance? 1 pointFederal Trade Commission (FTC)Occupational Safety and Health Administration (OSHA)Employee Benefits Security Administration (EBSA)Federal Transit Administration (FTA) 9.Question 9An organization requires all employees to complete online training on ethical behavior in the workplace. What type of compliance is this an example of?1 pointOrganizational complianceWorker compliance Financial compliance Legal compliance 10.Question 10Fill in the blank: Compliance can help boost employee _____ by making them feel more secure and motivated. 1 pointvacation timemorale fear pay

1.Question 1What is the final step in the risk management process? 1 pointMitigate and eliminate all employee-related risksOrder risks according to the severity Identify legal risks Monitor and refine the risk management program2.Question 2What are the two main categories of risk management? 1 pointProtecting employees and protecting the organizationConducting risk-related performance evaluations and protecting clients Analyzing financial statements and identifying market threatsProtecting the organization and protecting clients 3.Question 3An organization aims to prevent or reduce possible events that could harm them. What are these events known as?1 pointPreventable risksHazardous risksNegative risksPositive risks4.Question 4Risk-averse and risk-tolerant are both different types of what?1 pointRisk approaches Risk mindsets Risk histories Risk tools 5.Question 5When approaching risk with a positive mindset, why is it important to embrace a growth mindset? 1 pointIt can increase the size and resilience of the organization, thereby making it more competitive. It is a way to ensure that knowledge gained from risk management is protected safely with a few employees. It is easier to learn from the experience of risk management and enhance their skills. It can lead to larger profit margins for the organization. 6.Question 6Which of the following is an example of mitigating risk? 1 pointConducting a risk assessment to identify potential health risksImplementing a strict work-from-home policy and closing the office in the case of a flu outbreak Planning the next steps after several employees become sick from a flu outbreak in the office Offering employees a regular flu vaccinations and personal protective equipment such as masks at work 7.Question 7True or False: If an organization is known to adhere to compliance regulations strictly, it can boost its brand reputation.1 pointTrue False8.Question 8True or False: Organizations can monitor their compliance internally. 1 pointTrue False9.Question 9What is the difference between legal and organizational compliance? 1 pointLegal compliance refers to internal ethical standards and industry best practices, while organizational compliance focuses on federal laws and regulations. Legal compliance refers to internal policies and procedures related to compliance for an organization and its employees, and organizational compliance refers to external laws and regulations an organization must adhere to Legal compliance refers to external laws and regulations, while organizational compliance deals with internal policies and procedures.Legal compliance refers to financial accounting, while organizational compliance deals with policies related to business operations 10.Question 10Which of the following is true about the role of compliance in an organization's operations?1 pointCompliance ensures employees receive regular performance bonuses and time off.Compliance helps organizations find and hire experienced and qualified candidates.Compliance helps to mitigate risk Compliance eliminates the need for employee mentoring, training, and development programs.

Fill in the blank: Risk management is the process of _____.1 pointidentifying and evaluating potential risks and issues that could impact a projectidentifying and initiating projects that have a low potential for riskidentifying and avoiding projects that have a high potential for riskidentifying and mitigating risks and issues that are already impacting a project4.Question 4

As a project manager you are practicing risk management. You have already defined potential risks, determined their likelihood, and prioritized them. Now, you’re making a plan to address and manage each risk. This represents which risk management step?1 pointAnalyze risksTreat risksMonitor and control risksIdentify risks

Risk Management entails all the processes involved in identifying, assessing, analyzing, responding and controlling project risk.Question 1Answera.yesb.agreec.nod.disagree

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