RISK MANAGEMENT SET EXAM QUESTIONS
WITH CORRECT ANSWERS RATED A+
HowEisEriskEdefinedEwithinERiskEManagement?E-
ECORRECTEANSWERSRiskEisEdefinedEasEtheEpossibilityEofElossEorEinjuryEdueEtoEexposureEtoEaEhazard
WhatEisEtheEfirstEchoiceEinEtheEstandardEofEorderEofEprecedenceEforERMEcontrols?E-
ECORRECTEANSWERSTheEstandardEorderEofEprecedenceEforEcontrolsEisEtoEfirstEuseEdesignEandEengi
neeringEsolutionsEtoEachieveEminimumErisk.ELessEdesirableEcontrolEoptionsEareEtoEaddEsafetyEdevic
es,EwarmingEdevices,EorEchangeEproceduresEandEtraining
InEtheERMEprocess,EwhatEactionEfollowsEanEevaluation?E-ECORRECTEANSWERSActionE3-EFeedback
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSOverEoptimism:E"ItEcan'tEhappenEtoEus.EWe'reEalreadyEdoingEit."EThisEpitfallEre
sultsEfromEnotEbeingEtotallyEhonestEandEnotElookingEforErootEcausesEofEtheEhazards.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSMisrepresentation:EIndividualEperspectivesEmayEdistortEdata.EThisEcanEbeEdeli
berateEorEunconscious.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSc.EAlarmism:E"TheEskyEisEfalling"Eapproach,EorE"worstEcase"EestimatesEareEuse
dEregardlessEofEtheirEpossibility.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSIndiscrimination:EAllEdataEisEgivenEequalEweight.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSPrejudice:ESubjectivityEand/orEhiddenEagendasEareEusedEinsteadEofEfacts.
, WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSInaccuracy:EBadEorEmisunderstoodEdataEnullifyEaccurateEriskEassessment.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSEnumeration:EItEisEdifficultEtoEassignEaEnumericalEvalueEtoEhumanEbehavior.
InEtheEfirstEstepEofEtheERiskEManagementEProcessECycle,E"Why"EanalysisEisEusedEinEwhichEaction?E-
ECORRECTEANSWERSActionE3-EListECauses
DevelopEcontrolsEisEanEactionEforEwhichEstepEinEtheERMEprocess?E-ECORRECTEANSWERSStepE3
WithinEtheERMEprocess,EwhichEisEaEtypeEofEcontrolEcanEbeEappliedEtoEhazardsEtoEmitigateEtheErisk?E-
ECORRECTEANSWERSEngineeringEcontrols.E
PhysicalEcontrols.E
AdministrativeEcontrols.E
EducationalEcontrols.E
OperationalEcontrols.
WhichEofEtheEfollowingEisEanEactionEinEstepE4EorEtheERMEprocess?E-ECORRECTEANSWERSActionE4-
ESelectERiskEControls
InEstepE5EofEtheERMEprocess,EensuringEthatEchangesErequiringEfurtherERMEareEidentifiedEisEpartEofE
whichEaction?E-ECORRECTEANSWERSAction1-EMonitor
WhatEmnemonicEprovidesEaEsimpleEandEconvenientEaideEtoEidentifyEsomeEapproachesEtoEeliminat
eEorEreduceErisk?E-
ECORRECTEANSWERSSTAAREmicmonEmnemonicE(SpreadEout,ETransfer,EAvoid,EAccept,EandEReduce)
WITH CORRECT ANSWERS RATED A+
HowEisEriskEdefinedEwithinERiskEManagement?E-
ECORRECTEANSWERSRiskEisEdefinedEasEtheEpossibilityEofElossEorEinjuryEdueEtoEexposureEtoEaEhazard
WhatEisEtheEfirstEchoiceEinEtheEstandardEofEorderEofEprecedenceEforERMEcontrols?E-
ECORRECTEANSWERSTheEstandardEorderEofEprecedenceEforEcontrolsEisEtoEfirstEuseEdesignEandEengi
neeringEsolutionsEtoEachieveEminimumErisk.ELessEdesirableEcontrolEoptionsEareEtoEaddEsafetyEdevic
es,EwarmingEdevices,EorEchangeEproceduresEandEtraining
InEtheERMEprocess,EwhatEactionEfollowsEanEevaluation?E-ECORRECTEANSWERSActionE3-EFeedback
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSOverEoptimism:E"ItEcan'tEhappenEtoEus.EWe'reEalreadyEdoingEit."EThisEpitfallEre
sultsEfromEnotEbeingEtotallyEhonestEandEnotElookingEforErootEcausesEofEtheEhazards.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSMisrepresentation:EIndividualEperspectivesEmayEdistortEdata.EThisEcanEbeEdeli
berateEorEunconscious.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSc.EAlarmism:E"TheEskyEisEfalling"Eapproach,EorE"worstEcase"EestimatesEareEuse
dEregardlessEofEtheirEpossibility.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSIndiscrimination:EAllEdataEisEgivenEequalEweight.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSPrejudice:ESubjectivityEand/orEhiddenEagendasEareEusedEinsteadEofEfacts.
, WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSInaccuracy:EBadEorEmisunderstoodEdataEnullifyEaccurateEriskEassessment.
WhichEofEtheEfollowingEisEaERiskEAssessmentEpitfall?E-
ECORRECTEANSWERSEnumeration:EItEisEdifficultEtoEassignEaEnumericalEvalueEtoEhumanEbehavior.
InEtheEfirstEstepEofEtheERiskEManagementEProcessECycle,E"Why"EanalysisEisEusedEinEwhichEaction?E-
ECORRECTEANSWERSActionE3-EListECauses
DevelopEcontrolsEisEanEactionEforEwhichEstepEinEtheERMEprocess?E-ECORRECTEANSWERSStepE3
WithinEtheERMEprocess,EwhichEisEaEtypeEofEcontrolEcanEbeEappliedEtoEhazardsEtoEmitigateEtheErisk?E-
ECORRECTEANSWERSEngineeringEcontrols.E
PhysicalEcontrols.E
AdministrativeEcontrols.E
EducationalEcontrols.E
OperationalEcontrols.
WhichEofEtheEfollowingEisEanEactionEinEstepE4EorEtheERMEprocess?E-ECORRECTEANSWERSActionE4-
ESelectERiskEControls
InEstepE5EofEtheERMEprocess,EensuringEthatEchangesErequiringEfurtherERMEareEidentifiedEisEpartEofE
whichEaction?E-ECORRECTEANSWERSAction1-EMonitor
WhatEmnemonicEprovidesEaEsimpleEandEconvenientEaideEtoEidentifyEsomeEapproachesEtoEeliminat
eEorEreduceErisk?E-
ECORRECTEANSWERSSTAAREmicmonEmnemonicE(SpreadEout,ETransfer,EAvoid,EAccept,EandEReduce)