Which below shall be the best decision to eliminate the risks running out of funds in times emergencies? a. Passing the risk to an insurance company b. All of the above c. Maintaining a time deposits d. Spend only on necessities

Which of the following is essential for protecting people’s finances from large expenses or loss of income?InsuranceSavings accountsMutual fundsFixed deposits

Risk Management

Where risks cannot be eliminated, what will the organisation need to develop to make sure that duration of disruption is minimised?  A. Risk toleration  B. Remediation  C. Risk avoidance  D. Demand estimation

When is risk management undertaken? Group of answer choicesThroughout the entire life of any project.Only if the project is large and high risk.Only at the start of the project.Only at the end of the project.

Multiple Choice QuestionWhat is key to developing a risk transfer approach to risk management?Multiple choice question.Finding ways to reduce the probability of the risk event occurring.Identify and document responsibility for absorbing the impact of the risk occurrence.Determine at what point in the project the risk transference should occur.