Exam (elaborations)
RSK2601 ASSIGNMENT 1 SEMESTER 2 2023 (DUE Thursday, 31 August 2023 7:00 PM)
- Course
- Enterprise Risk Management
- Institution
- University Of South Africa (Unisa)
DISTINCTION MATERIAL
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RSK2601 ASSIGNMENT 1 (ONE)SEMESTER 2 2023
DUE Thursday, 31 August 2023
7:00 PM
RSK2601
ASSIGNMENT 1 (ONE)
SEMESTER 2
2023
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=123
UNISA 2023 RSK2601-23-S2 Welcome Message Assessment 1
QUIZ
Started on Thursday, 17 August 2023, 9:52 AM
State Finished
Completed on Thursday, 17 August 2023, 10:12 AM
Time taken 19 mins 20 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
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 bene�ts 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
Your answer is correct.
The correct answer is:
all of the above
1 of 11 8/20/2023, 11:35
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=123
Question 2
Correct
Mark 1.00 out of 1.00
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.
Your answer is correct.
The correct answer is:
Risk implies the presence of uncertainty.
Question 3
Correct
Mark 1.00 out of 1.00
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.
Your answer is correct.
The correct answer is:
risk assessment should be performed on an ongoing basis.
2 of 11 8/20/2023, 11:35
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=123
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following statements relates to the concept of corporate
governance?
1. It is universal and prescriptive by nature and applicable to only a few
companies.
2. It enhances one individual’s dominance of business decisions and
objectives.
3. It controls the internal and external actions of managers, employees
and outside business stakeholders.
4. It assists enterprises to attract higher cost of capital.
Your answer is correct.
The correct answer is:
It controls the internal and external actions of managers, employees and outside
business stakeholders.
Question 5
Incorrect
Mark 0.00 out of 1.00
The purpose of an enterprise risk management (ERM) policy is to …
1. communicate externally that risk management is being practised.
2. assist an organisation in integrating risk management into its
management processes.
3. systematically apply management processes and practices.
4. address speci�c responsibilities of the board and risk committee.
Your answer is correct.
The correct answer is:
address speci�c responsibilities of the board and risk committee.
3 of 11 8/20/2023, 11:35
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