RSK2601 Assignment 1 semester %

Scenario analysis is used to
analyse the ...

1. micro-environment over
which a business has
control.

2. strengths and
weaknesses of a
business.

3. profitability of a
business.

» 4. events and trends that
will determine an
organisation's future.

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,With reference to the
concept of risk and
opportunity, which one of
the following statements
is correct?


1. “Risk averse” refers to
the tendency to engage
in behaviours that may
be harmful or
dangerous.

2. Traditional risk
management is aimed
at providing a coherent
framework to deal with
all the risks and
opportunities that result
from operating in the

, The effective
management of risks
and opportunities helps
a business to achieve
success despite
challenging economic
times.

As businesses
continuously explore
and develop
opportunities to sustain
earnings, it is not
necessary to take
certain risks to
maximise business
opportunities.

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