Risk and Uncertainty Quiz

Is it true or false that risks can be planned for but uncertainties cannot?

• True

• False

Identify which of the following are regarded as risks and which uncertainties? (Please fill in the corresponding boxes with 'Uncertainty' or 'Risk')

Is the following statement true or false? Each organisation must decide how much it wants to spend to mitigate risks.

• True

• False

Name the three external business risk categories.

What kind of risk is a trade war?

What kind of risk is a rise in the price of oil?

What kind of risk is a flood?

Identify which type of internal business risk relates to each of the following: