RSK2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (152605)- DUE 28 March 2025; 100% correct solutions and explanations.

RSK2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (152605)- DUE 28 March 2025; 100% correct solutions and explanations.QUESTION 1 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 1.2 Indicate the correct statement. a Risk implies the presence of uncertainty. b Risk is the deviation of the expected from the actual result. c The probability of an event refers to its short-term frequency of occurrence. d Uncertainty arises from a person’s perfect state of knowledge about future events. 1.3 In terms of the King III Code of Governance principles ... a risk assessment should be performed on an ongoing basis. b compliance should not be part of the risk management process. c risk management is separable from the company’s strategic business processes. d internal audits should be integrated into the risk management process. 1.4 Which one of the following statements relates to the