PRINCIPLES OF RISK MANAGEMENT EXAM 1 QUESTIONS LATEST UPDATE WITH DETAILED

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PRINCIPLES OF RISK MANAGEMENT EXAM 1 QUESTIONS LATEST UPDATE WITH DETAILED

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2025/2026

Institution PMT 0170 Risk Management

Course PMT 0170 Risk Management

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PRINCIPLES OF RISK MANAGEMENT EXAM 1 QUESTIONS LATEST UPDATE WITH DETAILED

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PRINCIPLES OF RISK MANAGEMENT EXAM 1
QUESTIONS LATEST UPDATE WITH DETAILED
ANSWERS
WhatZisZRiskZManagementZ-
ZCORRECTZANSWERSDecisionZmakingZprocessZbyZwhichZadverseZconsequencesZofZriskZareZminimiz

ed

WhatZareZ"adverseZconsequencesZofZrisk"?Z-
ZCORRECTZANSWERSGivingZupZpossibleZbenefitsZbecauseZriskZexists,ZandZspendingZresourcesZtoZre

duceZrisk

SpeculativeZriskZ-ZCORRECTZANSWERSoutcomesZgreatlyZvary,ZbothZ+ZandZ-

PureZriskZ-ZCORRECTZANSWERSworstZoutcomeZisZstayingZtheZsame

SubjectiveZriskZ-ZCORRECTZANSWERSemotional

ObjectiveZriskZ-ZCORRECTZANSWERSquantifiable

DiversifiableZriskZ-ZCORRECTZANSWERSAddingZsourcesZdecreasesZrisk

Non-diversifiableZ-ZCORRECTZANSWERSAddingZsourcesZincreasesZrisk

WhatZisZ"SMART"?Z-ZCORRECTZANSWERSSpecific,ZMeasurable,ZAchievable,ZRelevant,ZTime-scaled

StrategicZobjectivesZ-ZCORRECTZANSWERSmission,Zgoals,Z"bigZpicture"*

, OperationalZobjectivesZ-ZCORRECTZANSWERSday-to-
dayZactivitiesZthatZwillZhelpZtoZachieveZtheZstrategicZobjectives

EnterpriseZRiskZManagementZ-
ZCORRECTZANSWERSensureZabilityZtoZmeetZoperationalZobjectivesZandZthereforeZtoZachieveZstrate

gicZobjectives

GoalZofZriskZmanagement?Z-
ZCORRECTZANSWERSuseZresourcesZefficientlyZtoZachieveZstrategicZobjectives

ExampleZofZanZadverseZconsequenceZofZrisk:ZA)ZcostZtoZrebuildZfollowingZaZfire.ZB)ZnotZincludingZspr
inklersZinZaZnewZbuilding.ZC)ZnotZopeningZaZplantZinZEgyptZforZconcernZoverZpoliticalZviolence.ZD)ZallZ
ofZtheZabove.ZE)ZNoneZofZtheZabove.Z-
ZCORRECTZANSWERSC)ZNotZopeningZaZplantZinZEgyptZforZconcernsZoverZpoliticalZviolence

WhatZisZrealZandZpersonalZpropertyZandZwhat'sZaZkeyZdifferenceZbetweenZtheZtwo?Z-
ZCORRECTZANSWERSRealZisZpermanent,ZpersonalZisZmobile.ZTheZtwoZhaveZdifferentZhazards.

WhatZisZbookZvalueZ-ZCORRECTZANSWERSHistoricalZcostZofZanZasset,ZaccountingZforZdepreciation

WhatZisZmarketZvalue?Z-ZCORRECTZANSWERSHowZmuchZanZassetZwouldZsellZforZtoday

WhatZisZfirmZspecificZvalue?Z-
ZCORRECTZANSWERSHowZmuchZanZassetZisZworthZtoZtheZorganizationZthatZownsZit

WhatZisZreplacementZcostZnew?Z-
ZCORRECTZANSWERSHowZmuchZitZwouldZcostZtoZbuy/buildZanZassetZbrandZnewZagain

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Uploaded on: November 5, 2025
Number of pages: 8
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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