1.Which of the following statements is incorrect about risk and risk management? a.Risk can be classified as either an opportunity or a threat. b.A risk management system can only be as good as the people manning it. c.Risk management should be performed by management accountants only. d.The risk management philosophy must be embedded in the company’s structure and culture. 2.Which of the following is not considered as a key to a successful strategic risk management? a.Top management support b.Covering all known risks in the existing risk management activities c.Updating and educating the board and top management d.Leverage existing resources 3.Which of the following is not considered as a limitation of strategic risk management? a.It requires specialized skills and capabilities in strategy and risk management b.It requires working beyond the silos in risk management c.It requires updating and educating the board and top management d. Strategy, risk assessment, and risk management cannot be integrated.
1.Which of the following statements is incorrect about risk and risk management?
a.Risk can be classified as either an opportunity or a threat.
b.A risk management system can only be as good as the people manning it.
c.Risk management should be performed by management accountants only.
d.The risk management philosophy must be embedded in the company’s structure and culture.
2.Which of the following is not considered as a key to a successful strategic risk management?
a.Top management support
b.Covering all known risks in the existing risk management activities
c.Updating and educating the board and top management
d.Leverage existing resources
3.Which of the following is not considered as a limitation of strategic risk management?
a.It requires specialized skills and capabilities in strategy and risk management
b.It requires working beyond the silos in risk management
c.It requires updating and educating the board and top management
d. Strategy, risk assessment, and risk management cannot be integrated.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
