Risk Management, 2026 – Study Material and Practice Questions
Tradition risk management is concerned primary with? - correct answer ✔✔ Pure risk
The evolution of risk management is traceable to? - correct answer ✔✔ All of the above
Traditional risk management? - correct answer ✔✔ Draws on several other disciplines but is a
distinct discipline and function
Enterprise risk management refers to? - correct answer ✔✔ Intagrated management of a firms
pure and speculative risks
The risk that a firms IT system will fail is an example of? - correct answer ✔✔ Operational risk
Financial risk management encompasses management of? - correct answer ✔✔ Pure,
speculative, strategic risk
Henri Fayol's place in the history of risk management arises from? - correct answer ✔✔ His
recognition of risk management as one of six broad functions of business
What technique is for dealing with risk maybe be said to represent a special variation of other
techniques? - correct answer ✔✔ Sharing
Risk management contributes to organization profit? - correct answer ✔✔ All of the above
Involuntary retention occurs when? - correct answer ✔✔ All of the above
Tradition risk management is concerned primary with? - correct answer ✔✔ Pure risk
The evolution of risk management is traceable to? - correct answer ✔✔ All of the above
Traditional risk management? - correct answer ✔✔ Draws on several other disciplines but is a
distinct discipline and function
Enterprise risk management refers to? - correct answer ✔✔ Intagrated management of a firms
pure and speculative risks
The risk that a firms IT system will fail is an example of? - correct answer ✔✔ Operational risk
Financial risk management encompasses management of? - correct answer ✔✔ Pure,
speculative, strategic risk
Henri Fayol's place in the history of risk management arises from? - correct answer ✔✔ His
recognition of risk management as one of six broad functions of business
What technique is for dealing with risk maybe be said to represent a special variation of other
techniques? - correct answer ✔✔ Sharing
Risk management contributes to organization profit? - correct answer ✔✔ All of the above
Involuntary retention occurs when? - correct answer ✔✔ All of the above
