1. Amount of risk the business can support while pursuing its objectives is called...

A. Existing risk profile

B. Risk Capacity

C. Risk Attitude

2. Low Probability and Low Impact is a _______ Risk.

A. Low

B. High

C. Moderate

3. Plan that provide detailed action steps to be taken by individuals is called...

A. Operational

B. Management

C. Tactical

4. Distribution of risks across the business and across risk categories is called...

A. Risk attitude

B. Existing risk profile

C. Risk Capacity

5. Which is the most preferred risk action for Negative Risks?

A. Risk Transference

B. Risk Reduction

C. Risk Retention

D. Risk Avoidance

6. Plan that is broken down into more manageable, shorter-term components is called...

A. Operational

B. Management

C. Tactical

7. Which is the least preferred action for Negative Risks?

A. Risk Transference

B. Risk Reduction

C. Risk Retention

D. Risk Avoidance

8. Adopting to the risk and try to work best with it is called...

A. Risk Transference

B. Risk Reduction

C. Risk Retention

D. Risk Avoidance

9. Which of these is not a risk management measure?

A. Operational plans

B. Ceremonial Plan

C. Crisis Management

D. Insurance Protection

10. Amount of variation the business can tolerate while pursuing its objectives is called...

A Existing risk profile

B. Risk tolerance

C. Risk capacity

D. risk attitude