Risk management is needed and the specific technique

Assignment Help Operation Management

Reference no: EM132176282

1. A step that is used in the ERM reviews risks to help decide if risk management is needed and the specific technique. This is referring to...

A. Risk analysis.

B. Risk assessment.

C. Risk process.

D. Risk tolerance.

2. This is the type or kind of risk that organizations face from people, processes, systems or controls.

A. Strategic risk.

B. Operational risk.

C. Process risk.

D. Situational risk.

3. NW Farms owns thousands of animals and relies on corn and wheat for the source of food. The company is very dependent on the price of the commodity and its market for feeding. This risk for the commodity price for food for the animals is called...

A. Hazard risk.

B. Financial risk.

C. Hedge price.

D. Operational risk.

4. This process utilizes experts from industry where they respond to questionnaires anonymously. This process is repeatedly until a consensus is reached and a root cause is determined.

A. Scenario based.

B. Delphi technique.

C. Cause and effect.

D. FTA.

5. A company that uses a SWOT analysis to focus on their identification techniques for risk is utilizing...

A. Strategy analysis.

B. Cause and effect.

C. Scenario analysis.

D. FTA.

Reference no: EM132176282

Questions Cloud

How this type of accommodation differs from those employees : Discuss how this type of accommodation differs from those employees who object to working on certain days due to religious beliefs.

Some of most effective methods of employee training programs : Social Security and Medicare are sometimes referred to collectively as: Some of the most effective methods of employee training programs,

Determine total capital expenditure related to equipment : Smart Corporation purchased an equipment with a price of $80,000 on January 2, 20x8. Determine the total capital expenditure related to the equipment

The reduction of losses is correlation : The reduction of losses is a correlation of. A liability that a company has no coverage for and was not identified and treated is.

Risk management is needed and the specific technique : A step that is used in the ERM reviews risks to help decide if risk management is needed and the specific technique.

Organization of negotiation of various types of exchanges : Describe and defend best practice in the overall management and organization of negotiation of various types of exchanges.

What do you think about the concept of frolic : What do you think about the concept of "frolic" for an agent as basically a "get out of jail free" card for the principal?

What was the exit strategy : What did it take for these initiatives to sustain and then, if initiatives ceased or met completion, what was the exit strategy?

Educating the public about heart disease : The American Heart Association (AHA) has been educating the public about heart disease for a number of years with great success,

User Account

All Pages