Ctrl + F is the shortcut in your browser or operating system that allows you to find words or questions quickly.
Ctrl + Tab to move to the next tab to the right and Ctrl + Shift + Tab to move to the next tab to the left.
On a phone or tablet, tap the menu icon in the upper-right corner of the window; Select "Find in Page" to search a question.
Share UsSharing is Caring
It's the biggest motivation to help us to make the site better by sharing this to your friends or classmates.
Involves identifying, and mitigating risks to minimize potential losses and optimize decision-making in various domains such as finance, and insurance.
Project problems can be reduced as much as 90% by using risk analysis.
All are part of the internal organization except:
Affect overall control environment.
Diagram that describes a decision and probabilities associated with the choices is called quantitative risk analysis.
A decision is “Pareto optimal” (or efficient solution) if it is not dominated by any other decision.
Catastrophic, critical, moderate, and negligible describe in the risk assessment matrix as level of severity of an adverse event's effect.
Corporate Governance structures include the following except:
Fraud risk assessment is where techniques should be established to avoid fraud risk events and mitigate impact on the organization.
The following are causes of business risk except:
Insufficient working capital results in
A ___________________ is the amount paid by a (risk averse) individual to avoid risk
These are chemicals, types of radiation, or certain viruses that can cause or promote cancer.
It is the transfer of live transactions to an off-site facility.
Which of the following is not part of the policy?
It is a measure of the individual's implicit preference, for each policy in the risk environment.
Includes controls within IT processes support, such as program development and changes.
Corporate structure is a system of relationships, defined by structures and process.
Whether the risk is insurable or non-insurable, only the loss can be shared but the risk remains.
Business has many risks but it can't be avoided at all.
What is the last step in risk management process?
Gamble is defined as the relative variation of actual loss from expected loss can be statistically calculated by some measure of dispersion.
Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment.
Substitutions are usually fixed temporary or permanent controls.
Actual outcomes for an event or situation often the same with that of expected outcomes.
.If there is a ready market for the resale of stolen goods (such as for most types of consumer electronics), this presents an increased temptation to engage in fraud.
To get any of these sites up and running quickly, the organization must be able to move data into the new site’s systems.
Those that are indifferent to uncertainty.
Strategic risk includes the following except:
The cause and effect relationships are not known and the future is highly unpredictable under conditions of certainty.
A condition of certainty exists when the decision-maker knows with reasonable certainty what the alternatives are, what conditions are associated with each alternative, and the outcome of each alternative.
Investors must be compensated for accepting greater risk with low expected returns.
The hierarchy of controls is simply a list of the 5 best control measures, in order of priority.
The business corporation is an instrument through which capital is assembled for the activities of producing and distributing goods and services and making investments.
Find the expected value with the following: Choice A: P 250.00 Choice B: 60% chance of P250.00, 40% chance of P0.00 EV= ?
When assets are physically protected, they are more likely to be stolen.
Find the expected utility with the following:
_______________________ involves giving responsibility for any negative outcomes to another party, as is the case when an organization purchases insurance.
Hazard Management is the responsibility of both employees and management.
_____________________ the risk means deciding that some risks are inherent in doing business and that the benefits of an activity outweigh the potential risks.
Good risk management doesn’t have to be resource intensive or difficult for organizations to undertake or insurance brokers to provide to their clients.
The following are the core values of the OECD corporate governance framework except for:
These are chemicals that cause harm or birth defects to a fetus or embryo.
Business risk is the possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit.
A risk-adverse person leans away from risk, seeking as much security as possible.
______________ are singe-cell organisms that are found everywhere.
Fraud risk exposure should be assessed periodically to identify potential events the organization should mitigate.
Provides information about systems/threats and detailed scenarios for each potential attack.
Embedded within business process applications, such as accounting software.
A risk management process that is based on experience and internal history.
A reporting process should be in place to solicit input on potential fraud.
Find the expected value with the following: Choice A: P 200.00 Choice B: 70% chance of P150.00, 30% chance of P0.00 EV= ?
The following influences organizational culture except for:
Enterprise Risk Management (ERM) replaced traditional risk management (TRM), it expands upon TRM’s practices and techniques to consider more risks and offer additional solutions to finance or manage them.
The best risk control measure is assessment.
The value of any asset is the Present Value of all future cash flows it is expected to provide over the relevant time period.
It is the last line of defense against a hazard, so while it shouldn't be your first choice when controlling risks, it can give added protection for any remaining level of risk, or should other controls fail.
The best method of controlling a risk is to eliminate the hazard.
Flexibility typically has value by acting as a way to lessen the negative impacts of uncertainty.
The risk of fraud declines dramatically if multiple employees are involved in different phases of a transaction, since fraud requires the collusion of at least two people.
What is the first phase in Project Management?
Business risk can be defined as uncertainties or unexpected events, which are beyond control.
All are information gathering techniques except for:
The corporate governance framework should recognize the rights of stakeholders as established by law, and encourage active co-operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises, it is known as fairness.
The contingency plans should ensure that interfacing systems are identified and contingency/disaster planning coordinated.
Separation of ownership and control implies agency relationships.
It is something that has the potential to cause harm to people, property or the environment.
The interests of the various security holders are the same.
Corporate Governance is a primary driver of firm specific and market risk in valuation approaches.
_____________________ involves prevention (reducing the likelihood that the risk will occur) or mitigation, which is reducing the impact it will have if it does occur.
Crisis management team manages event through:
Uncertainty means having only one potential outcome for an event or a situation
At an extreme level, the effects of fraud can even shut down a company.
Decision trees are the less powerful analysis tool.
It is a general way of classifying risk preferences.
Any situation or circumstance in which a loss is possible, regardless of whether a loss occurs is called loss avoidance.
Which of the following is considered to be part of the external organization?
It is a bulk batch-transfer of data to an off-site facility.
To _______________ a risk, the organization simply has to not participate in that activity.
Which of the following is not part of the economic organization?
Fraud investigations are fact-finding missions.
Timeshares are like an exclusive use site and are owned.
}Corporate Governance is at the intersection of strategy, control and finance
A risk is the probability of suffering harm from a hazard that can cause the following except:
Business continuity planning ensures that critical business functions can continue if a disaster occurs.
A contingency plan includes the following except:
Which of the following is the first step in risk management process?
It is the uncertainty about a consequence.
When a manager lacks perfect information or whenever an information asymmetry exists, risk arises.
Risk is a consequence of uncertainty.
Risk assessment is the process of using statistical methods to estimate how much harm a particular hazard can cause to human health or to the environment.
The greatest risk from exposure to low levels of arsenic is brain damage in fetuses and young children.
A successful risk assessment must check existing controls, and assess if more should be done to prevent harm.
Find the expected value with the following: Choice A: P 150.00 Choice B: 60% chance of P150.00, 40% chance of P0.00 EV= ?
Immediate determination of the scope of the breach of confidentiality, integrity, and availability of information and information assets is called loss of confidence.
The process involved with identifying, analyzing, and responding to risk is called Operations Management.
Another risk management process that will show you where to spend your time and money, and allow your team to prioritize their resources.
Which of the following is not one of the characteristics if a corporate form of business organization?
Interests of agents (management) are the same with those of security holders, particularly from those of stockholders.
These are hazards such as fire, earthquakes, volcanic eruptions, floods, and storms.
Those who fear loss and seek sureness.
Which of the following best describes the primary objective of a fraud investigation?
Which of the following is an example of neurotoxins?
Real Options theory provides a means of estimating financial value of flexibility.
The corporate governance framework should protect shareholder rights and ensure the equitable treatment of all shareholders, including minority and foreign shareholders, is known as responsibility.
Preference theory is based on the notion that individual attitudes towards risk vary.
Successive anonymous questionnaires on project risks with responses summarized for further analysis is known as root cause analysis.
If we have perfect certainty, we still have risk.
Statistics—a mathematical statement about the likelihood that harm will be suffered from a hazard.
An effective system of internal controls should exist in all organizations to:
If an organization gradually formalizes its risk management process and develops a risk culture, it will become more resistant to change.
Only rudimentary services and facilities kept in readiness.
The amount of acceptable risk is called risk adverse.
Which is not a tool used in risk management?
The culture of a group arises from the repeated behaviour of its members.
These are rules and systems to carry out the work.
Fully configured computer facility with all services are called _____________________.
A key question for any risk assessment is how exactly you are going to identify the risks.
Crisis management is a set of focused steps that deal primarily with the people involved taken during and after a disaster.
The risks which can be recovered are called ______________________.
Risk response includes mitigation & contingency plans.
Corporate Governance is at the intersection of strategy, control and finance
Find the expected value with the following: Choice A: P 500.00 Choice B: 60% chance of P500.00, 40% chance of P0.00 EV= ?
It is one of risk categories that includes fires of injuries.
Risk Premiums vary with specific issuers and issue characteristics including:
These are hazards such as unsafe working conditions, unsafe highways, criminal assault, and poverty.
The overall planning for unexpected events is called________________________________.
Integrate RM into all phases of missions and activities is not one of the RM principles.
Find the expected value with the following: Choice A: P 300.00 Choice B: 70% chance of P300.00, 30% chance of P0.00 EV= ?
___________________________ is the “set of encouraged and acceptable behaviors, discussions, decisions and attitudes toward taking and managing risk within an institution.
_________________ are smaller than bacteria and work by invading a cell and taking over its genetic machinery to copy themselves.
The following are components of Contingency Planning except:
Prevention techniques should be established to uncover fraud events when preventive measures fail or unmitigated risks are realized.
It is not necessary to have a written policy to convey the expectation of the board of directors and top management regarding managing fraud risk.
Which of the following is not a purpose of a Corporation?
Which of the following is not a type of hazards?
Two key tasks of crisis management team:
Risk is anchored on a continuum of maximizing value and minimizing losses.
Another category of risk that includes turnover and supplier failure.
When a bidder makes an offer for another, it will usually inform the board of the target beforehand. If the board feels that the value that the shareholders will get will be greatest by accepting the offer, it will recommend the offer be accepted by the shareholders, this is known as "Friendly Takeover".
Managers who follow utility theory analyze the size and nature of the risk involved in choosing a particular course of action.
The corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the company, including its financial situation, performance, ownership, and governance structure, it is known as transparency.
Thyroid disrupters cause growth, weight, brain, and behavioral disorders.
These are chemicals or forms of radiation that cause mutations, or changes, in the DNA molecules found in cells, or that increase the frequency of such changes.
Categorize the risks to make them easier to handle.
A pathogen is an organism that can cause disease in another organism.
Risk Management includes maximizing the results of positive risks and minimizing the consequences of negative events.
How can hazards be identified?
To keep up this site, we need your assistance. A little gift will help us alot.
Donate- The more you give the more you receive.
Related SubjectLung Cancer Screening Awareness
Investment Strategies: Palantir Generational Stock
Investment
Finance Market
Entrepreneurship Information
Procurement
Insurance
Emergency and Disaster Management
Venture Capital
Treasury Management
Security Analysis
Project Management
Information Security and Management
Engineering Economincs
The Supply Chain
Diabetes Education Month
Configuration Management
Medical Office Administration
Hospitality Management
Inventory Production Control
Food Service Management
Business Administration
Strategy Management and Acquisition
Real Estate Appraisal and Property Management
Investment and Portfolio Management
Credit and Collection
Animation Project
Advanced Database Management Systems
Nursing Interventions: Ineffective Breathing Pattern
Secondary Education
Psychology
Paramedic
Middle School Education
Early Childhood Education
Dietetic Internship
Education
Community Health Worker
Technology for teaching and learning in Elementary Grades
Teacher and the School Curriculum
Teaching Math in the Intermediate Grades
Risk Management Applied to Safety Security and Sanitation
Recruitment and Selection
Health Assessment
Big Lots Business Insights
Retail Sales Surge in October
Minnesota Vikings: A Deep Dive into the Team's 2024 Season
Massage Machines
Knowledge Management
Intrusion Detection System
Retail Merchandising
Forensic Science
Geographic Information Systems
Engineering
System Analysis Design and Development
Thesis Writing 2
Strategic Business Analysis
Real Estate Consulting and Investment Analysis
Quantitative Methods
Reading and Writing Skills
Research in Psychology 2
Introduction to Information Systems
International Marketing
Data Structures and Algorithms
Application Lifecycle Management
Modeling and Simulation
Algorithms and Complexity
Ukraine's Advances and Russia's Push in Donetsk
Oleksandr Usyk: The Art of Boxing
Mike Brown: Basketball Coaching
Houthi, Missile, and Israel in Modern Conflicts
Shopee Cashback Voucher
Temu $0 Shipping Fee
Amazon 75% Off Discounts