Exam (elaborations)
RSK2601 ASSIGNMENT 1 SECOND SEMESTER DUE 31 AUGUST 2023
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RSK2601 ASSIGNMENT 1 FIRST ATTEMPT 100% .THIS ASSIGNMENT IS DUE ON THE 31ST AUGUST 2023
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By: zsazsasouthafrica • 1 year ago
By: noxolomlambo17 • 1 year ago
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QUIZAssessment 1
Open course index
Started on Wednesday, 9 August 2023, 3:17 AM
State Finished
Completed on Wednesday, 9 August 2023, 4:03 AM
Time taken 45 mins 18 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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What are the key obstacles in an organisation to integrate risk management with the overall
business strategy?
a Fear of creating a risk-averse and bureaucratic culture.
b The board does not understand or appreciate the principles and benefits of ERM.
c Competition with other priorities.
d Directors consider risk management a task of line management and not the board.
Choose the correct combination:
1.
a, c
2.
a, b, c
3.
b, c, d
4.
all of the above
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The correct answer is:
all of the above
Question 2
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Indicate the correct statement.
1.
Risk implies the presence of uncertainty.
2.
Risk is the deviation of the expected result from the actual result.
3.
The probability of an event refers to its short-term frequency of occurrence.
4.
Uncertainty arises from a person’s perfect state of knowledge about future events.
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The correct answer is:
Risk implies the presence of uncertainty.
Question 3
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In terms of the King III Code of governance principles ...
1.
risk assessment should be performed on an ongoing basis.
2.
compliance should not form part of the risk management process.
3.
risk management is separable from the company’s strategic business processes.
4.
internal audit should be integrated with the risk management process.
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