Two assessed risks with the same risk rating, where one has a higher likelihood of occurring but lower consequence, will be given the same priority of risk treatment. Select one: True False

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 process involves prioritizing risks based on their probability and impact of occurrence?Group of answer choicesidentifying risksperforming qualitative risk analysisperforming quantitative risk analysisplanning risk responses

TRUE OR FALSE Interventions should target more than one risk factorTrueFalse

Rudolfo has to prioritize risks by their risk scores in his role as Risk Manager for Smithberg Finance. There are currently two risk scores that have the same numerical value. What will aid Rudolfo in prioritizing one risk over another?Select answer from the options belowHeat severityRisk inventoryRisk portfolioRisk matrix

When selecting amongst possible risk treatment options an organisation should consider a number of factors in their decision. Which of the following statements is TRUE?Select one:a.Risk treatments when carefully designed and implemented will produce the expected outcome.b.Choice of risk treatment should be based only on cost-benefit analysis.c.When selecting risk treatment options, the organisation should consider the values, perceptions and potential involvement of stakeholders and the most appropriate ways to communicate and consult with them.d.The selection of risk treatment options should achieve elimination of the risk.