Fill in the blank: The risk management process includes five steps: identify, analyze, evaluate, _____, and monitor and control.1 pointclassifytreatacceptmitigate

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

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.

Step 1 in the risk management process is:  A. Understand the risk  B. Identify the risk  C. Analyse the risk  D. Rank the risk

The first phase of risk management is _________.Question 4Select one:1.risk identification2.design3.risk control4.risk evaluation

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