Risk management (Correctly Solved)

Tradition risk management is concerned primary with? correct answers Pure risk The evolution of risk management is traceable to? correct answers All of the above Traditional risk management? correct answers Draws on several other disciplines but is a distinct discipline and function Enterprise risk management refers to? correct answers Intagrated management of a firms pure and speculative risks The risk that a firms IT system will fail is an example of? correct answers Operational risk Financial risk management encompasses management of? correct answers Pure, speculative, strategic risk Henri Fayol's place in the history of risk management arises from? correct answers 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 answers Sharing Risk management contributes to organization profit? correct answers All of the above Involuntary retention occurs when? correct answers All of the above Risk advoidande should be used in those instances in which? correct answers The exposure has catastrophic potential and the risk cannot be reduced or transferred risk management represents the merging of the specialities? correct answers Decision theory, risk financing, risk control The type of tententuon that is always undesirable is? correct answers Unintentional rentention The two broad approaches to dealing with risk are? correct answers Risk control and risk financing Statement about risk management is correct? correct answers Risk management has revelancr for organizations of all sizes The two most important of the pre-lose and post-loss objectives are? correct answers Survival and economy The step in the risk management process that is most likely to be overlooked is? correct answers Determination of objectives