RSK2601
Assignment 1 Semester 1 2025
Unique Number: 152605
Due Date: 28 March 2025
QUESTION 1
Question 1.1
What are an organization's key obstacles to integrating risk management with the
overall business strategy?
i. Fear of creating a risk-averse and bureaucratic culture.
ii. The board does not understand or appreciate the principles and benefits of ERM.
iii. Competition with other priorities.
iv. Directors consider risk management a task of line management and not the board.
Choose the correct combination:
a. i, iii
b. i, ii, iii
c. ii, iii, iv ✅
d. all the options
Explanation: Obstacles such as lack of board understanding (ii), competing priorities (iii),
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replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
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regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
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Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
Assignment 1 Semester 1 2025
Unique Number: 152605
Due Date: 28 March 2025
QUESTION 1
Question 1.1
What are an organization's key obstacles to integrating risk management with the
overall business strategy?
i. Fear of creating a risk-averse and bureaucratic culture.
ii. The board does not understand or appreciate the principles and benefits of ERM.
iii. Competition with other priorities.
iv. Directors consider risk management a task of line management and not the board.
Choose the correct combination:
a. i, iii
b. i, ii, iii
c. ii, iii, iv ✅
d. all the options
Explanation: Obstacles such as lack of board understanding (ii), competing priorities (iii),
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
