Exam (elaborations)
RSK2602 ASSIGNMENT 2 SECOND SEMESTER DUE 22 SEPT 2023
- Institution
- University Of South Africa (Unisa)
Exam of 11 pages for the course Fundamentals of Operational & Financial Risk at Unisa (1ST ATTEMPT)
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QUIZAssessment 2
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Started on Saturday, 19 August 2023, 7:54 PM
State Finished
Completed on Saturday, 19 August 2023, 8:35 PM
Time taken 40 mins 30 secs
Question 1
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Question text
Residual risk may typically be dealt with through …
a.
appropriate preventative control measures
b.
insurance policies
c.
strategic management processes
d.
acceptance/tolerance
Question 2
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Motor vehicle accidents for a business with a motor fleet may typically be …
, a.
classified as a high-frequency/low-severity losses.
b.
best dealt with by accepting it as an operating expense.
c.
best dealt with through third-party insurance.
d.
ignored in terms of risk control decision-making.
Question 3
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Scenario formulation and analysis …
a.
merely identifies risks at a macro level.
b.
is primarily a top-down approach to evaluating operational risk.
c.
is used to neutralise some subjectivity of other non-numerical assessment methods.
d.
merely identifies risks at a tactical level.
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