Risk Management Paper Exam (2025/26
Edition) Q&A Notes 100% With Solutions
1. States differ in their requirements for reporting adverse events or incidents.
TRUE
2. Exposure avoidance is the elimination of services that may cause losses.
TRUE
3. Occurrence Reporting method yields the highest percentage of reportable
incidents.
FALSE
4. Risk Management and Quality Assurance are 2 concepts that are mutually
exclusive.
FALSE
5. Incident or occurrence reports are a method of risk __________:
b. Identification
6. Adequate insurance coverage is an example of risk __________.
a. Financing
7. Continuous collection of information to search for liability risks is an
example of risk __________.
b. Identification
8. Quality Assurance and Risk Management:
a. Have a close relationship and overlap in several areas
9. Risk Management tools are
a. Incident, and occurrence reporting, along with occurrence screening
10. List 2 of the 'Red Flag' areas and describe what Risk Managers should
watch out for in each.
Edition) Q&A Notes 100% With Solutions
1. States differ in their requirements for reporting adverse events or incidents.
TRUE
2. Exposure avoidance is the elimination of services that may cause losses.
TRUE
3. Occurrence Reporting method yields the highest percentage of reportable
incidents.
FALSE
4. Risk Management and Quality Assurance are 2 concepts that are mutually
exclusive.
FALSE
5. Incident or occurrence reports are a method of risk __________:
b. Identification
6. Adequate insurance coverage is an example of risk __________.
a. Financing
7. Continuous collection of information to search for liability risks is an
example of risk __________.
b. Identification
8. Quality Assurance and Risk Management:
a. Have a close relationship and overlap in several areas
9. Risk Management tools are
a. Incident, and occurrence reporting, along with occurrence screening
10. List 2 of the 'Red Flag' areas and describe what Risk Managers should
watch out for in each.
