Which of the following descriptions of management behaviour best describes a sound risk culture in a firm? a. Relevant employees at all levels understand the core values of the firm. b. The board and senior management behaviour reflects the values of the firm. c. Open communication and effective challenge in which decision-making processes encourage a range of views. d. All of the other options.

As a risk manager and from a communication perspective, we need to be culturally aware so that:Group of answer choicesWe can communicate in a culturally effective mannerWe are aware of general risk appetites within the organisation cultureWe are liked by our peersWe can become trusted by our peers

Which of the following statements is NOT a characteristic of sound financial risk management? Select one: a. Methods to measure financial risk. b. Due diligence on counterparties whose default could seriously harm the business. c. Internal cash flow reporting and budgeting. d. Internal reporting of risk culture Key Risk Indicators.

The set of norms, values, beliefs, assumptions, perceptions and attitudes that exist within an organisation and are held by its employees. This statement refers to which type of the following ?  A. Organizational culture  B. Organizational ethics  C. Organizational climate  D. Organizational environment

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

Re: Discussion Assignment by Meeshach Siape - Monday, 3 June 2024, 7:32 PM The text described organizational culture as a collection of common beliefs, values, and assumptions that define appropriate and inappropriate behaviours for organizational members (Carpenter, Bauer, & Erdogan, 2010). In my own experience, which is mining and working for a mining franchise, safety is always paramount. High risk activities have the significant potential for adverse safety outcomes if not planned and carried out in a systematic and integrated manner. Therefore, a safety culture must be vibrant and effective for the safety of everyone. Everyone have a family to go back to and that is why a good safety culture must be the common belief, values and assumptions of everyone which indirectly define a safer workplace/environment to work in. In my many years working with the company, there has never been a fatality recorded in almost five years that am being employed here for. And also, over the sixty years of the mine existence and in operation so far, there has been zero fatality. Only few near misses in an average of two near misses in a financial year. That clearly shows the good safety culture being practised in the company and that has resulted in lower turnovers of employees every year as people feel safe to work with the company. So, putting it all together, the strength of the safety culture would be the low turnover of employees which is very rare in mining. And then you have workers who have been with the company for many years with the longest employee being with the company for thirty-two (32) years. That just shows also the trust of the employees in working for the company that long as they feel safe. And it all comes down to the safety culture of the company itself.