0 [{"id":132507,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? ","questionTimeSeconds":"3","questionTimeMinutes":"10","questionImagePath":null,"position":3,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132516,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Risk can be classified as diversifiable or nondiversifiable. Which one of the following statements is true with respect to this type of risk classification? ","questionTimeSeconds":"12","questionTimeMinutes":"10","questionImagePath":null,"position":12,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132518,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Which one of the following best describes the categories of risk included in the enterprise risk management model?","questionTimeSeconds":"14","questionTimeMinutes":"10","questionImagePath":null,"position":14,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132513,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Company G is a manufacturer of high profile golf equipment. The risk management professional for Company G is concerned about loss of business related to product design. Failing to respond to changing customer demand and preferences in the design of golf clubs could cost Company G significant market share. Categorized according to the quadrants of risk, this exposure to loss is classified as ","questionTimeSeconds":"9","questionTimeMinutes":"10","questionImagePath":null,"position":9,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132517,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-A new computer chip that could position a company for explosive growth is an example of","questionTimeSeconds":"13","questionTimeMinutes":"10","questionImagePath":null,"position":13,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132506,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Probabilities are stated as a decimal figure, a percentage, or a ","questionTimeSeconds":"2","questionTimeMinutes":"10","questionImagePath":null,"position":2,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132504,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Which one of the following is measurable and quantifies risk? ","questionTimeSeconds":"0","questionTimeMinutes":"10","questionImagePath":null,"position":0,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132508,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Risk is a term that is regularly used and that is generally understood in context. As used in this discussion, which one of the following is one of the two elements within the definition of risk? ","questionTimeSeconds":"4","questionTimeMinutes":"10","questionImagePath":null,"position":4,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132512,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-One enterprise risk management (ERM) approach to categorizing risks involves dividing risks into four risk quadrants. The risks categorized as hazard risks are ","questionTimeSeconds":"8","questionTimeMinutes":"10","questionImagePath":null,"position":8,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132509,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of ","questionTimeSeconds":"5","questionTimeMinutes":"10","questionImagePath":null,"position":5,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132510,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-The statement \"There is a 5 percent chance that John will be injured in an automobile accident while driving to work tomorrow.\" is an example of ","questionTimeSeconds":"6","questionTimeMinutes":"10","questionImagePath":null,"position":6,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132514,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? ","questionTimeSeconds":"10","questionTimeMinutes":"10","questionImagePath":null,"position":10,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132515,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Jean is the Risk Manager for a Fortune 1000 company. Her CFO has tasked her to analyze vulnerabilities in the firm's supply chain. The adequacy of suppliers to meet an organization's needs would be an example of which one of the following types of risk","questionTimeSeconds":"11","questionTimeMinutes":"10","questionImagePath":null,"position":11,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132505,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-To understand risk, one needs to know the probability of an outcome or event occurring. Which one of the following statements is correct with respect to probability? ","questionTimeSeconds":"1","questionTimeMinutes":"10","questionImagePath":null,"position":1,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":132511,"quiz_id":"8752","answer_id":null,"answerType_id":"0","created_at":"2016-11-29 02:57:44","updated_at":"2016-11-29 16:13:37","questionName":"1-Risk involves the possibility of a negative outcome. Possibility means ","questionTimeSeconds":"7","questionTimeMinutes":"10","questionImagePath":null,"position":7,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null}]

block

1-One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves?

Select the correct answer(s).  

(0/0)

---

Uncertainty as to whether insurance is available

Uncertainty as to the type and timing of the outcome

Uncertainty as to how to manage potential losses

Uncertainty as to whether a negative outcome is possible

none

1-Risk can be classified as diversifiable or nondiversifiable. Which one of the following statements is true with respect to this type of risk classification?

Select the correct answer(s).  

(0/0)

---

Inflation unemployment and natural disasters such as hurricanes are examples of diversifiable risk.

Diversifiable risks tend not to be correlated so they can be managed through diversification or spread of risk.

Systemic risks are generally diversifiable.

Private insurance tends to concentrate on nondiversifiable risks; government insurance is often suitable for diversifiable risks.

none

1-Which one of the following best describes the categories of risk included in the enterprise risk management model?

Select the correct answer(s).  

(0/0)

---

Domestic national international

Pure dynamic objective and subjective

Primary secondary and tertiary

Operational strategic financial and hazard

none

1-Company G is a manufacturer of high profile golf equipment. The risk management professional for Company G is concerned about loss of business related to product design. Failing to respond to changing customer demand and preferences in the design of golf clubs could cost Company G significant market share. Categorized according to the quadrants of risk, this exposure to loss is classified as

Select the correct answer(s).  

(0/0)

---

A strategic risk.

A hazard risk.

An operational risk.

A financial risk.

none

1-A new computer chip that could position a company for explosive growth is an example of

Select the correct answer(s).  

(0/0)

---

Tactical risk.

Operational risk.

Strategic planning.

Strategic risk.

none

1-Probabilities are stated as a decimal figure, a percentage, or a

Select the correct answer(s).  

(0/0)

---

Credibility factor.

Fraction.

Dollar amount.

Stated constant.

none

1-Which one of the following is measurable and quantifies risk?

Select the correct answer(s).  

(0/0)

---

Probability

Feasibility

Uncertainty

Possibility

none

1-Risk is a term that is regularly used and that is generally understood in context. As used in this discussion, which one of the following is one of the two elements within the definition of risk?

Select the correct answer(s).  

(0/0)

---

Uncertainty of outcome

Probability of financial loss

Likelihood of injury or damage to property

Opportunity for profit

none

1-One enterprise risk management (ERM) approach to categorizing risks involves dividing risks into four risk quadrants. The risks categorized as hazard risks are

Select the correct answer(s).  

(0/0)

---

Speculative risks that fall outside the operational risk category.

Fundamental to an organization's existence and business plans.

Traditionally managed by risk management professionals.

Traditionally handled by the treasury function.

none

1-In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of

Select the correct answer(s).  

(0/0)

---

Probabilities.

Possibilities.

Losses.

Uncertainties.

none

1-The statement "There is a 5 percent chance that John will be injured in an automobile accident while driving to work tomorrow." is an example of

Select the correct answer(s).  

(0/0)

---

Verifying risk.

Indentifying hazards.

Quantifying loss exposures.

Quantifying risk.

none

1-Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk?

Select the correct answer(s).  

(0/0)

---

Buying a new personal vehicle

Acquiring a new television

Investing in shares of stock

Purchasing an insurance policy

none

1-Jean is the Risk Manager for a Fortune 1000 company. Her CFO has tasked her to analyze vulnerabilities in the firm's supply chain. The adequacy of suppliers to meet an organization's needs would be an example of which one of the following types of risk

Select the correct answer(s).  

(0/0)

---

Financial risk.

Strategic risk.

Operational risk.

Operating risk.

none

1-To understand risk, one needs to know the probability of an outcome or event occurring. Which one of the following statements is correct with respect to probability?

Select the correct answer(s).  

(0/0)

---

It can be used to decide which activities to undertake.

It identifies what can be lost when a negative outcome occurs.

It is typically expressed verbally rather than numerically.

It verifies that risk is present but does not quantify it.

none

1-Risk involves the possibility of a negative outcome. Possibility means

Select the correct answer(s).  

(0/0)

---

An identified and predictable outcome.

That an outcome may or may not occur.

The likelihood of an event occurring.

That an outcome is unavoidable.