Governance, risk and ethics
Quiz
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Specialty
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University
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Noor Rizvi
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does T in TARA stand for?
Transfer
Try
Transport
Team
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What strategy under TARA is the following:
passing the risk on to another party which, in practice means an insurer or a business partner such as a supplier or a customer
Transfer
Avoid
Reduce
Accept
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TARA acronym stands for
Transfer, Avoid, Accelerate, React.
Transfer, Accept, Avoid, Revolution.
Telephone, Accept, Avoid, Reduce.
Transfer, Avoid, Reduce, Accept.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In the TARA framework, which letter (i.e. from the "T, "A", "R" and "A") appropriately describes a risk that has a low likelihood but high impact on a business and what's the most famous/known strategy to deal with this risk.
T (transfer)insurance, outsourcing, joint ventures, strategic alliances, etc.
A (accept) simply accept it or modify the way that the activity is performed
R, (reduce) insurance, outsourcing, joint ventures, strategic alliances, etc.
A (avoid), simply do not venture or do it!
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
One of the principles is that Shareholders should be treated ______?
Fairly according to their shareholding
Equitably
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Is the statement correct:
Embedding means introducing a taken-for-grantedness of risk awareness into the culture of an organisation?
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What 5 steps can risk assessment be broken down into?
1. _______ risks facing the company 2. Decide on acceptable risk 3. Assess the likelihood of the risk occurring 4. Look at how impact of these risks can be minimised 5. Understand the costs involved in the internal controls set up to manage these risks
Ignore
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