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RSK2601 Assignment 1 2023
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FOR MORE DETAILS : CONTACTS 060 667 8644Started on Thursday, 31 August 2023, 12:39 PM
State Finished
Completed on Thursday, 31 August 2023, 12:45 PM
Time taken 6 mins 28 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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Question text
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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all of the above
Question 2
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Indicate the correct statement.
, FOR MORE DETAILS : CONTACTS 060 667 8644
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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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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risk assessment should be performed on an ongoing basis.
Question 4
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