RSK1501
ASSIGNMENT 1 SEMESTER 1 & 2 2021
UNIQUE NUMBER: NOT APPLICABLE
1 Which of the following options best describes the concept of risk?
1. The higher the probability of a risk outcome occurring, the lower the risk.
2. The probability that the counterparty will meet all contractual obligations.
3. The chance that the actual outcome may be aligned with the expected
outcomes.
4. Uncertainty of an event that could cause either a loss or positive outcome if the
risk event occurs.
Reference: S.G p 3
ASSIGNMENT 1 SEMESTER 1 & 2 2021
UNIQUE NUMBER: NOT APPLICABLE
1 Which of the following options best describes the concept of risk?
1. The higher the probability of a risk outcome occurring, the lower the risk.
2. The probability that the counterparty will meet all contractual obligations.
3. The chance that the actual outcome may be aligned with the expected
outcomes.
4. Uncertainty of an event that could cause either a loss or positive outcome if the
risk event occurs.
Reference: S.G p 3
