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- 1. Multiple Choice
What is the purpose of a risk classification system?
To eliminate all risks
To assess and categorize risks
To maximize profits
To predict the future
- 2. Multiple Choice
Which of the following is a common factor used in risk classification?
Favorite color
Age of the CEO
Industry type
The length of the company's name
- 3. Multiple Choice
In a risk classification system, a high-risk category typically implies:
Low potential for harm
Minimal uncertainty
Greater potential for loss or harm
Zero consequences
- 4. Multiple Choice
In a risk assessment, what does the term "low risk" typically indicate?
Minimal or insignificant potential for harm or loss
A guarantee of profit
Immediate danger
A high level of uncertainty
- 5. Multiple Choice
What characterizes a situation that is classified as "high risk"?
Minimal consequences and impact
Predictable outcomes
Substantial potential for significant harm or loss
Complete absence of uncertainty
- 6. Multiple Choice
What does the FIRM Scorecard in risk management primarily measure?
Environmental factors
Financial performance
Cybersecurity risks
Risk maturity and capabilities
- 7. Multiple Choice
Which of the following is a key component of the COSO Risk Management Model?
SWOT analysis
Risk appetite
Supply chain management
Advertising strategy
- 8. Multiple Choice
What does ISO 31000 primarily provide guidance on?
Human resource management
Environmental regulations
Risk management principles and guidelines
Accounting standards
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