Risk Management - basics

Description

part 1 - Risk Management
Prof. Ruppert
Quiz by Prof. Ruppert, updated more than 1 year ago
Prof. Ruppert
Created by Prof. Ruppert almost 6 years ago
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Resource summary

Question 1

Question
The following assumptions must be met when talking about risk:
Answer
  • related to a possible danger
  • undesired event
  • events that happened in the past
  • probability greater than zero
  • loss is possible
  • events that certainly are going to occur

Question 2

Question
Evaluating risks, sometimes rough estimations have to be made.
Answer
  • True
  • False

Question 3

Question
Evaluating risks, you don't have to out anything. Completeness is crucial.
Answer
  • True
  • False

Question 4

Question
Events need only be considered if they affect the target.
Answer
  • True
  • False

Question 5

Question
The overall risk is defined by the sum of several single risks.
Answer
  • True
  • False

Question 6

Question
In order to distinguish between risk (known) and uncertainty (unknown), we refer to the following perspectives:
Answer
  • available options (possibilities)
  • probabilities (likelihoods)
  • luck or bad luck
  • consequences
  • the past or the future

Question 7

Question
Risks based on corporate action (entrepreneurship) are [blank_start]speculative[blank_end] risks.
Answer
  • speculative
  • calculable
  • no

Question 8

Question
Risks that can be prevented are [blank_start]calculable[blank_end] risks.
Answer
  • speculative
  • calculable
  • no

Question 9

Question
We - or our organization - [blank_start]endure[blank_end] a certain amount of risks. That's called "Risk [blank_start]tolerance[blank_end]".
Answer
  • prevent
  • endure
  • tolerance
  • appetite

Question 10

Question
Certain risks we take deliberately, [blank_start]because[blank_end] we hope for evolving advantages. That is called "[blank_start]Risk tolerance[blank_end]".
Answer
  • because
  • until
  • except
  • Risk tolerance
  • Risk appetite
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