UNISA 2023 RSK2601-23-S2 Welcome Message Assessment 1
QUIZ
Started on Saturday, 12 August 2023, 8:43 AM
State Finished
Completed on Saturday, 12 August 2023, 10:10 AM
Time taken 1 hour 27 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
What are the key obstacles in an organisation to integrate risk management with
the overall business strategy?
a Fear of creating a risk-averse and bureaucratic culture.
b The board does not understand or appreciate the principles and benefits of
ERM.
c Competition with other priorities.
d Directors consider risk management a task of line management and not the
board.
Choose the correct combination:
1. a, c
2. a, b, c
3. b, c, d
4. all of the above
Your answer is incorrect.
The correct answer is:
all of the above
, Question 2
Correct
Mark 1.00 out of 1.00
Indicate the correct statement.
1. Risk implies the presence of uncertainty.
2. Risk is the deviation of the expected result from the actual result.
3. The probability of an event refers to its short-term frequency of
occurrence.
4. Uncertainty arises from a person’s perfect state of knowledge about
future events.
Your answer is correct.
The correct answer is:
Risk implies the presence of uncertainty.
Question 3
Correct
Mark 1.00 out of 1.00
In terms of the King III Code of governance principles ...
1. risk assessment should be performed on an ongoing basis.
2. compliance should not form part of the risk management process.
3. risk management is separable from the company’s strategic business
processes.
4. internal audit should be integrated with the risk management process.
Your answer is correct.
The correct answer is:
risk assessment should be performed on an ongoing basis.
QUIZ
Started on Saturday, 12 August 2023, 8:43 AM
State Finished
Completed on Saturday, 12 August 2023, 10:10 AM
Time taken 1 hour 27 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
What are the key obstacles in an organisation to integrate risk management with
the overall business strategy?
a Fear of creating a risk-averse and bureaucratic culture.
b The board does not understand or appreciate the principles and benefits of
ERM.
c Competition with other priorities.
d Directors consider risk management a task of line management and not the
board.
Choose the correct combination:
1. a, c
2. a, b, c
3. b, c, d
4. all of the above
Your answer is incorrect.
The correct answer is:
all of the above
, Question 2
Correct
Mark 1.00 out of 1.00
Indicate the correct statement.
1. Risk implies the presence of uncertainty.
2. Risk is the deviation of the expected result from the actual result.
3. The probability of an event refers to its short-term frequency of
occurrence.
4. Uncertainty arises from a person’s perfect state of knowledge about
future events.
Your answer is correct.
The correct answer is:
Risk implies the presence of uncertainty.
Question 3
Correct
Mark 1.00 out of 1.00
In terms of the King III Code of governance principles ...
1. risk assessment should be performed on an ongoing basis.
2. compliance should not form part of the risk management process.
3. risk management is separable from the company’s strategic business
processes.
4. internal audit should be integrated with the risk management process.
Your answer is correct.
The correct answer is:
risk assessment should be performed on an ongoing basis.
