Risk Concept Quiz

Froggy Jumps

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Test your grasp of risk ideas.

Creada por

Adibah Maisarah

Malasia

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Froggy Jumps Risk Concept QuizVersión en línea Test your grasp of risk ideas. por Adibah Maisarah 1 What best defines risk in decision making? a Only financial loss b The chance of an adverse outcome and its impact c A guaranteed loss 2 Which term describes the likelihood and impact of a risk? a Risk avoidance b Risk assessment c Risk elimination 3 What is residual risk? a Total unaddressed risk b Risk never present c Risk remaining after controls 4 Which tool ranks risks by severity and probability? a Flow chart b Cause diagram c Risk matrix 5 What is risk appetite? a Level of risk organization is willing to accept b Zero risk tolerance c Risky behavior 6 Which phase directly follows risk identification in risk management? a Risk transfer b Risk assessment/analysis c Risk acceptance 7 Which strategy aims to reduce risk exposure? a Risk amplification b Risk indulgence c Risk mitigation 8 What is a qualitative risk assessment based on? a Exact probabilities only b Financial metrics only c Judgment and descriptions rather than numbers 9 Which term means transferring risk to another party? a Risk transfer b Risk assumption c Risk avoidance 10 Which component is NOT part of the risk management process? a Ignorance b Treatment c Identification

Froggy Jumps

Risk Concept QuizVersión en línea

Test your grasp of risk ideas.

por Adibah Maisarah

What best defines risk in decision making?

Only financial loss

The chance of an adverse outcome and its impact

A guaranteed loss

Which term describes the likelihood and impact of a risk?

Risk avoidance

Risk assessment

Risk elimination

What is residual risk?

Total unaddressed risk

Risk never present

Risk remaining after controls

Which tool ranks risks by severity and probability?

Flow chart

Cause diagram

Risk matrix

What is risk appetite?

Level of risk organization is willing to accept

Zero risk tolerance

Risky behavior

Which phase directly follows risk identification in risk management?

Risk transfer

Risk assessment/analysis

Risk acceptance

Which strategy aims to reduce risk exposure?

Risk amplification

Risk indulgence

Risk mitigation

What is a qualitative risk assessment based on?

Exact probabilities only

Financial metrics only

Judgment and descriptions rather than numbers

Which term means transferring risk to another party?

Risk transfer

Risk assumption

Risk avoidance

Which component is NOT part of the risk management process?

Ignorance

Treatment

Identification

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Risk Concept Quiz

Froggy Jumps

Sobre esta actividad

Creada por

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Froggy Jumps

Risk Concept QuizVersión en línea

por Adibah Maisarah

What best defines risk in decision making?

Which term describes the likelihood and impact of a risk?

What is residual risk?

Which tool ranks risks by severity and probability?

What is risk appetite?

Which phase directly follows risk identification in risk management?

Which strategy aims to reduce risk exposure?

What is a qualitative risk assessment based on?

Which term means transferring risk to another party?

Which component is NOT part of the risk management process?

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