Risk Management

Questionnaire

1) The role of risk management includes the...

a.

identification and evaluation, decision to take the risk, reporting, monitoring and manage of risks.

b.

identification and evaluation, reporting, monitoring and manage of risks.

c.

identification and evaluation, setting the risk appetite, reporting, monitoring and manage of risks.

2) One can distinguish between two conceptually distinct types of decision scenarios that are, situations of risk and situations of uncertainty. A situation of risk is characterised by...

a.

the outcome probabilities are not logically deductible.

b.

the existence of an objective basis to derive outcome probabilities.

t

* Please answer accurately *