Q13

Mr Chimbo was appointed as the risk manager for Local Accounting Ltd. He must implement a risk management process for the business. Which of the following risk management stages should he implement?
a	Establish the context, monitor and review
b	Design and improve the process
c	Risk treatment, communication and consultation
d	Risk identification, risk analysis and risk evaluation
Choose the correct combination:

1.a, b

2.a, c, d 3.a, b, d

4.All of the above.

Q14Which one of the following is a regulatory framework that a business must comply with and which is embedded in its business operations?

1.PEST analysis

2.Process mapping 3.Compliance system 4.Financial analysis tools

Q15Risk appetite can be defined as .... 1.The strategy used to transfer a risk to another entity, business or organisation. 2.a reduction of risks by distribution.

3.the amount of risk a business is prepared to tolerate at any point in time.

4.the elimination of a risk when a negative outcome or high-risk exposure is anticipate

Q16.A ... analysis needs to be conducted to determine the business' competitive advantage in the industry/market.

1.business 2.PEST

3.SWOT 4.competitor

Q17... communication is used to deliver open and honest information on the risks that the business faces and how it responds. 1.External 2.Risk

3.Internal 4.Business

Q18 Which of the following statements about risk identification is correct?

1.The business will be able to identify the key risks and risk event associated with the business, but these risks constantly change.

2.The business will be able to identify the key risks associated with the business; these risks constantly stay the same. 3.The business will be able to identify the risks and risk event associated with the business; these risks will constantly stay the same. 4.The business will not be able to identify the key risks and risk event associated with the business, but these risks constantly change.

Q19

A venture capitalist company is interested in acquiring ABC Limited. Prior to making a decision, the board requests that management conducts a strategic review of ABC Limited and also performs the following:
	an analysis of ABC Limited
	a market analysis
	a product, portfolio and matrix analysis
	an analysis of the general environment
Which one of the following process mechanisms is the venture capitalist company using?

1.PEST analysis 2.SWOT analysis 3.Financial analysis 4.Gap analysis

Clear my choice