Financial Planning 2- Chapter 1 Test Anderson

Front

Define Mitigation

Back

A risk-response strategy that involves reducing or controlling the impact of a risk if it occurs.

Front

What does a risk manager do?

Back

Assesses and identifies risks that could impede the reputation, safety, security, or financial success of the organization

Front

Define impact.

Back

The effect or influence of an event.

Front

What is a schedule risk?

Back

When the release or completion of the project is not assessed and addressed correctly.

Front

This type of risk occurs due to sudden or complete change concerning technology or even the installation of new technology.

Back

Technology Risks

Front

Examples of operational risks are insufficient resources, and failure in resolving conflicts.

Back

True

Front

These risks may prevent a company from having sufficient funds to meet its financial obligations.

Back

Financial Risks

Front

This type of risk can involve damage to the company’s reputation as a result of brand erosion, fraud, negative publicity, etc.

Back

Strategic Risks

Front

What is one complaint about risk management?

Back

Risk management seems to focus on what could go wrong with little emphasis on how to make things go right.

Front

The risk manager will identify...

Back

Risks, Risk measurement, Risk response