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RSK2601 EXAMINATION PACK FOR REVION. Organisations attempting to implement a formal structured approach to risk management need to treat the implementation itself as a project, requiring clear objectives, success criteria, proper planning and resourcin£2.25
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RSK2601 EXAMINATION PACK FOR REVION. Organisations attempting to implement a formal structured approach to risk management need to treat the implementation itself as a project, requiring clear objectives, success criteria, proper planning and resourcin
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Module
Enterprise Risk Management (RSK2601)
Institution
University Of South Africa (Unisa)
RSK2601 EXAMINATION PACK FOR REVION.
Organisations attempting to implement a formal structured approach to risk management
need to treat the implementation itself as a project, requiring clear objectives, success
criteria, proper planning and resourcing. Which of the following is the most im...
, 1. Which of the following examples are specific areas of concern for an organisation
relating to operational risk?
a Insourcing where firms take on the operational risks of their third parties.
b Highly automated and integrating technology that has the potential to transform risks
from minor manual processing errors to major systematic failures.
c The growth of e-commerce that brings with it some new and potentially significant
operational risks for both consumers and firms.
d Firms that outsource their activities may suffer some loss of control over them, which
could affect the quality and availability of their products.
Choose the correct combination:
Select one:
a.
a,b
b.
a,c,d
c.
a,b,d
d.
a,b,c,d
The sources of risk embraced under economic risk include the following:
a Fall in demand
b Government policies
c Exchange rates
d Fall in supply
Choose the correct combination:
Select one:
a.
a,b,c,d
b.
b,c,d
c.
,a,b,d
d.
a,b,c
Which of the following is a risk control measure in a health and safety management
system?
Select one:
a.
Erecting a security wall around a property.
b.
Having a backup facility at a distant location.
c.
Emergency procedures such as recovery plans following a fire.
d.
A disclaimer delivered with the products marketed by a company.
… risk may be described as a combination of the detrimental impact of employee and
employer behaviour.
Select one:
a.
Process
b.
People
c.
External
d.
System
When an efficient corporate governance system is in place …, … and … flow to enterprises
that are capable of investing these resources efficiently in order to produce goods and
services that are most in-demand and have the highest rate of return.
Select one:
, a.
debt, equity and capital
b.
assets, equity and capital
c.
debt, assets and liabilities
d.
assets, equity and liabilities
During the context stage of a risk study, the ERM team elects to examine the business’s
financial ratios to understand the organisation’s financial health before moving onto risk
identification. As part of the risk team, if questioned, which one of the following would you
select to justify looking at the ratios?
Select one:
a.
Their examination will help open the dialogue with the finance department and the internal
auditors.
b.
Their examination will help understand if the records are regularly updated.
c.
Their examination provides a quick and relatively simple means of examining the financial
condition of the business and will indicate its strengths and weaknesses.
d.
Their examination will satisfy/reflect recommended ERM practices for this stage of the risk
process.
A health and safety management system comprises of …
Select one:
a.
risk evaluation and workplace precautions.
b.
management arrangements and risk mitigation.
c.
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