Exam (elaborations)
RSK2601 MCQ EXAM PACK 2022
- Institution
- University Of South Africa (Unisa)
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RSK2601EXAM PACK
+27 81 278 3372
,Dear Student
The purpose of this document is to give you the detail of Assignments 01 and 02.
1 THE ASSIGNMENTS
SECOND SEMESTER ASSIGNMENT 01
Due date 26 August 2022
Unique number 731990
Aim: To evaluate your knowledge of some of the fundamental aspects of learning units 1 to 4, in
the study guide, and chapters 1, 2 and 8 to 14, in the prescribed book.
Answer the following questions and submit your assignment on
myUnisa, at https://myunisa.ac.za.
Multiple-choice questions
Question 1
The responsibility of determining the organisation's vision, mission and values; setting its corporate
strategy; and deciding what opportunities it wants to pursue and what risks it is willing to take in
developing the opportunities selected, lies with the ….
1 audit and risk committee
2 senior management
3 strategic executive committee
4 board of directors
Question 1: Correct option – 4
Refer to chapter 1.3 (page 6) in the prescribed textbook.
The responsibility of determining the organisation's vision, mission and values; setting its
corporate strategy; and deciding what opportunities it wants to pursue and what risks it is willing
to take in developing the opportunities selected, lies with the board of directors.
2
, RSK2601
Question 2
The protection and management of information is a focus of ….
1 IT governance
2 risk-based internal audit
3 combined assurance
4 integrated reporting
Question 2: Correct option – 1
Refer to lesson 5.5.1 (page 51) on myUnisa
The current ratio is the relationship between current assets and current liabilities. The quick ratio is more
conservative than the current ratio because it excludes inventory and other current assets, which are more
difficult to turn into cash. Therefore, a higher ratio means a better liquid current position.
Question 3
Enterprise risk management (ERM) is a structured and systematic process that is interwoven with
existing management responsibilities. ERM provides a framework, based on analysing risks and
opportunities, with the ultimate objective of creating ….
1 value for the shareholders
2 increased profitability for the organisation 3 improved internal
controls and processes
4 a competitive edge for the organisation
Question 3: Correct option – 1
Refer to lesson 1.8 (page 5) on myUnisa.
Enterprise risk management (ERM) is a structured and systematic process that is interwoven with existing
management responsibilities. ERM provides a framework, based on analysing risks and opportunities, with
the ultimate objective of creating value for the shareholders.
Question 4
Which of the following are benefits of ERM?
a Build confidence with stakeholders and the investment community
b Align risk appetite and strategy
c Link growth, risk and return
d Seize opportunities
Choose the correct combination:
1 a, c
2 a, b, c
3
, 3 b, c, d
4 All of the above.
Question 4: Correct option – 4
Refer to chapter 1 (page 10–12) in the prescribed textbook.
The benefits of ERM include amongst others: build confidence of stakeholders and the investment
community, align risk appetite and strategy, link growth, risk and return, and seize opportunities.
Question 5
Good corporate governance affects the various business areas of an organisation, because it
….
a attracts a higher cost of capital
b meets social obligations
c improves overall performance
d employs assets efficiently
Choose the correct combination:
1 a, c
2 a, d
3 b, c, d
4 All of the above.
Question 6
Which of the following corporate governance outcomes will be achieved if the new King IV
principles are effectively implemented in an organisation? a Legitimacy b Ethical culture c
Risk culture d Effective control
Choose the correct combination:
1 a, c
2 a, b, d
3 b, c, d
4 All of the above.
Question 7
Refer to the diagram below and choose, from the options that follow, the one containing the
missing ERM process stages in the correct sequence.
4
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