Risk-Based Complexity Reduction Quiz

Risk-Based Complexity Reduction Quiz

12th Grade

27 Qs

quiz-placeholder

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Risk-Based Complexity Reduction Quiz

Risk-Based Complexity Reduction Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Shilpa M

Used 1+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a "risk-based lens" primarily focus on when reducing complexity?

Increasing the number of variables

Identifying and prioritising potential risks

Eliminating all risks

Ignoring risks to simplify processes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of using a risk-based approach to reduce complexity?

It guarantees the elimination of all risks

It helps in making informed decisions by focusing on critical risks

It increases the workload by adding more steps

It focuses solely on financial risks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a risk-based approach, what is the first step in reducing complexity?

Implementing solutions immediately

Identifying and assessing risks

Ignoring minor risks

Increasing the complexity to understand it better

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a risk-based lens help in resource allocation?

By allocating resources equally to all areas

By prioritising resources to areas with the highest risk

By reducing resources in all areas

By ignoring resource allocation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of a risk-based approach?

Focus on potential impacts

Prioritisation of high-risk areas

Random allocation of resources

Continuous monitoring and review

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of continuous monitoring in a risk-based approach?

To ensure risks are ignored

To identify new risks and reassess existing ones

To increase the complexity of the system

To eliminate the need for risk assessment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the term "risk appetite"?

The desire to avoid all risks

The level of risk an organisation is willing to accept

The amount of risk that can be eliminated

The total number of risks present

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