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Question 1
Global warming is becoming a common concern all over the world. Which of the following
initiatives hasbeen implemented by the South African government to reduce the effects of global
warming?
Select one: a. Allowances for greenhouse gas emissions b. Environmental sustainability c.
Emission trading protocols d. Carbon tax
The correct answer is d. Carbon tax.
The South African government has implemented a carbon tax as one of the initiatives to reduce
the effects of global warming. A carbon tax is a financial levy imposed on greenhouse gas
emissions, primarily carbon dioxide (CO2), generated by the burning of fossil fuels. The purpose
of the tax is to incentivize businesses and individuals to reduce their carbon emissions by making
them economically accountable for their emissions.
The implementation of a carbon tax aims to encourage industries and individuals to adopt
cleaner and more sustainable practices, reduce their carbon footprint, and transition to low-
carbon alternatives. By putting a price on carbon emissions, the government intends to
discourage activities that contribute to global warming and promote the transition to a greener
and more sustainable economy.
While initiatives such as allowances for greenhouse gas emissions, environmental sustainability,
and emission trading protocols are important considerations in the fight against global warming,
the South African government specifically implemented a carbon tax to address this issue.
question Question text Global warming is becoming a common concern all over the world. Which
of the following initiatives has been implemented by the South African government to reduce the
effects of global warming? Select one: a. Allowances for greenhouse gas emissions b.
Environmental sustainability c. Emission trading protocols d. Carbon tax Question 2 Not yet
answered Marked out of 1.00 Not flaggedFlag question Question text During the context stage of
a risk study, the ERM team for ZK Furniture elects to examine ZK Furniture’s financial ratios to
understand the business’s financial health before moving onto the risk identification stage. This
will enable them to… Select one: a. open the dialogue with the finance department and the
internal auditors in ZK Furniture. b. assess whether ZK Furniture’s records are regularly updated. c.
provide a quick and relatively simple way to examine the financial position and performance of
ZK Furniture. d. satisfy/reflect recommended ERM practices for this stage of the risk process in ZK
Furniture.
Question 1: The correct answer is d. Carbon tax.
,Question 2:
The correct answer is c. provide a quick and relatively simple way to examine thefinancial position
and performance of ZK Furniture.
During the context stage of a risk study, examining ZK Furniture's financial ratios allows the ERM
team to provide a quick and relatively simple way to assess the financial position and
performance of the business. This examination helps in understanding the financial health of ZK
Furniture before moving on to the risk identification stage. It provides valuable insights into the
company's financial stability, liquidity, profitability, and other key aspects. This information is
essential for evaluating the potential impact of risks and making informed decisions in the
subsequent stages of the risk management process.
Question 3
text The sources of risk embraced under economic risk include the following: a Fall in demand b
Government policies c Exchange rates d Fall in supply Choose the correct combination: Select
one: a. a,b,c,d b. b,c,d c. a,b,d d. a,b,c Question 4 Not yet answered Marked out of 1.00 Not
flaggedFlag question Question text Project risk management has two primary functions. The
management function is specifically used to … Select one: a. drivedown risk exposure and exploit
opportunities. b. support the satisfaction of a project’s aims and objectives. c. improve
accountability, decision-making and transparency. d. ensure that realistic contingencies are
defined.
Question 3: The correct answer is c. a,b,d.
Under economic risk, the sources of risk typically include a fall in demand, government policies,
and a fall in supply. Exchange rates are more commonly associated with financial risk rather than
economic risk. Therefore, the correct combination is a,b,d.
Question 4: The correct answer is b. support the satisfaction of a project's aims and objectives.
One of the primary functions of project risk management is to support the satisfaction of a
project's aims and objectives. This involves identifying, assessing, and managing risks that may
impact the successful completion of a project. By effectively managing risks, the project team can
mitigate potential negative impacts and enhance the chances of achieving project objectives. The
management function is focused on ensuring that the project's goals are met while addressing
and mitigating potential risks along the way.
Question 5
text Due to credit risk, default by a small number of large customers may lead to? Select one: a.
Bribery b. Taxevasion c. Profits d. Insolvency Question 6 Not yet answered Marked out of 1.00 Not
flaggedFlag
, question Question text The uncertainty linked to the recovery of outstanding amounts due is
known as ... Select one: a. recovery risk. b. exposure risk. c. default risk. d. credit risk.
Question 5: The correct answer is d. Insolvency.
Due to credit risk, default by a small number of large customers may lead to insolvency. Credit
risk refers to the potential for loss arising from a borrower's failure to repay a loan or meet their
contractual obligations. When a small number of significant customers default on their payments,
it can have a severe impact on a company's financial health. If these defaults are substantial
enough, they can cause financial instability, hinder cash flow, and potentially lead to insolvency or
bankruptcy.
Question 6: The correct answer is c. default risk.
The uncertainty linked to the recovery of outstanding amounts due is known as default risk.
Default risk refers to the possibility that a borrower or debtor will be unable to meet their
financial obligations, such as repaying a loan or fulfilling payment terms. It represents the
potential loss that can occur when a party fails to honor its debt or payment commitments.
Default risk is a significant consideration in credit risk assessment and management, as it involves
evaluating the likelihood of borrowers defaulting on their obligations and the potential impact on
the lender or creditor.
Question 7
text Which of the following legal mechanisms are used to enforcethe King III Report and the
Code of Corporate Practices and Conduct? a Company Act 1973 b Company Act 2008 c JSE’s
listing requirements d Financials Markets Act 2012 Choose the correct combination: Select one:
a. a,b,c b. a,b,d c. b,c d. a,b,c,d Question 8 Not yet answered Marked outof 1.00 Not flaggedFlag
question Question text A risk response flow chart is used … Select one: a.as a technique by a
business to respond to a particular recurring risk. b. to illustrate the decision options used to
arrive at a risk response category. c. as a technique by a business to reduce risk and the impact of
risk. d. to reduce the likelihood of an occurrence through risk spreading
Question 7: The correct answer is c. JSE's listing requirements.
To enforce the King III Report and the Code of Corporate Practices and Conduct, the JSE's
(Johannesburg Stock Exchange) listing requirements are used. The King III Report provides
principles and recommendations for good corporate governance in South Africa, and the Code of
Corporate Practices and Conduct expands on these principles. The JSE, as the primary stock
exchange in South Africa, plays a significant role in regulating and enforcing corporate
governance standards. As part of the listing requirements, companies listed on the JSE are
expected to adhere to the principles and recommendations outlined in the King III Report and
the Code of Corporate Practices and Conduct.
Question 1
Global warming is becoming a common concern all over the world. Which of the following
initiatives hasbeen implemented by the South African government to reduce the effects of global
warming?
Select one: a. Allowances for greenhouse gas emissions b. Environmental sustainability c.
Emission trading protocols d. Carbon tax
The correct answer is d. Carbon tax.
The South African government has implemented a carbon tax as one of the initiatives to reduce
the effects of global warming. A carbon tax is a financial levy imposed on greenhouse gas
emissions, primarily carbon dioxide (CO2), generated by the burning of fossil fuels. The purpose
of the tax is to incentivize businesses and individuals to reduce their carbon emissions by making
them economically accountable for their emissions.
The implementation of a carbon tax aims to encourage industries and individuals to adopt
cleaner and more sustainable practices, reduce their carbon footprint, and transition to low-
carbon alternatives. By putting a price on carbon emissions, the government intends to
discourage activities that contribute to global warming and promote the transition to a greener
and more sustainable economy.
While initiatives such as allowances for greenhouse gas emissions, environmental sustainability,
and emission trading protocols are important considerations in the fight against global warming,
the South African government specifically implemented a carbon tax to address this issue.
question Question text Global warming is becoming a common concern all over the world. Which
of the following initiatives has been implemented by the South African government to reduce the
effects of global warming? Select one: a. Allowances for greenhouse gas emissions b.
Environmental sustainability c. Emission trading protocols d. Carbon tax Question 2 Not yet
answered Marked out of 1.00 Not flaggedFlag question Question text During the context stage of
a risk study, the ERM team for ZK Furniture elects to examine ZK Furniture’s financial ratios to
understand the business’s financial health before moving onto the risk identification stage. This
will enable them to… Select one: a. open the dialogue with the finance department and the
internal auditors in ZK Furniture. b. assess whether ZK Furniture’s records are regularly updated. c.
provide a quick and relatively simple way to examine the financial position and performance of
ZK Furniture. d. satisfy/reflect recommended ERM practices for this stage of the risk process in ZK
Furniture.
Question 1: The correct answer is d. Carbon tax.
,Question 2:
The correct answer is c. provide a quick and relatively simple way to examine thefinancial position
and performance of ZK Furniture.
During the context stage of a risk study, examining ZK Furniture's financial ratios allows the ERM
team to provide a quick and relatively simple way to assess the financial position and
performance of the business. This examination helps in understanding the financial health of ZK
Furniture before moving on to the risk identification stage. It provides valuable insights into the
company's financial stability, liquidity, profitability, and other key aspects. This information is
essential for evaluating the potential impact of risks and making informed decisions in the
subsequent stages of the risk management process.
Question 3
text The sources of risk embraced under economic risk include the following: a Fall in demand b
Government policies c Exchange rates d Fall in supply Choose the correct combination: Select
one: a. a,b,c,d b. b,c,d c. a,b,d d. a,b,c Question 4 Not yet answered Marked out of 1.00 Not
flaggedFlag question Question text Project risk management has two primary functions. The
management function is specifically used to … Select one: a. drivedown risk exposure and exploit
opportunities. b. support the satisfaction of a project’s aims and objectives. c. improve
accountability, decision-making and transparency. d. ensure that realistic contingencies are
defined.
Question 3: The correct answer is c. a,b,d.
Under economic risk, the sources of risk typically include a fall in demand, government policies,
and a fall in supply. Exchange rates are more commonly associated with financial risk rather than
economic risk. Therefore, the correct combination is a,b,d.
Question 4: The correct answer is b. support the satisfaction of a project's aims and objectives.
One of the primary functions of project risk management is to support the satisfaction of a
project's aims and objectives. This involves identifying, assessing, and managing risks that may
impact the successful completion of a project. By effectively managing risks, the project team can
mitigate potential negative impacts and enhance the chances of achieving project objectives. The
management function is focused on ensuring that the project's goals are met while addressing
and mitigating potential risks along the way.
Question 5
text Due to credit risk, default by a small number of large customers may lead to? Select one: a.
Bribery b. Taxevasion c. Profits d. Insolvency Question 6 Not yet answered Marked out of 1.00 Not
flaggedFlag
, question Question text The uncertainty linked to the recovery of outstanding amounts due is
known as ... Select one: a. recovery risk. b. exposure risk. c. default risk. d. credit risk.
Question 5: The correct answer is d. Insolvency.
Due to credit risk, default by a small number of large customers may lead to insolvency. Credit
risk refers to the potential for loss arising from a borrower's failure to repay a loan or meet their
contractual obligations. When a small number of significant customers default on their payments,
it can have a severe impact on a company's financial health. If these defaults are substantial
enough, they can cause financial instability, hinder cash flow, and potentially lead to insolvency or
bankruptcy.
Question 6: The correct answer is c. default risk.
The uncertainty linked to the recovery of outstanding amounts due is known as default risk.
Default risk refers to the possibility that a borrower or debtor will be unable to meet their
financial obligations, such as repaying a loan or fulfilling payment terms. It represents the
potential loss that can occur when a party fails to honor its debt or payment commitments.
Default risk is a significant consideration in credit risk assessment and management, as it involves
evaluating the likelihood of borrowers defaulting on their obligations and the potential impact on
the lender or creditor.
Question 7
text Which of the following legal mechanisms are used to enforcethe King III Report and the
Code of Corporate Practices and Conduct? a Company Act 1973 b Company Act 2008 c JSE’s
listing requirements d Financials Markets Act 2012 Choose the correct combination: Select one:
a. a,b,c b. a,b,d c. b,c d. a,b,c,d Question 8 Not yet answered Marked outof 1.00 Not flaggedFlag
question Question text A risk response flow chart is used … Select one: a.as a technique by a
business to respond to a particular recurring risk. b. to illustrate the decision options used to
arrive at a risk response category. c. as a technique by a business to reduce risk and the impact of
risk. d. to reduce the likelihood of an occurrence through risk spreading
Question 7: The correct answer is c. JSE's listing requirements.
To enforce the King III Report and the Code of Corporate Practices and Conduct, the JSE's
(Johannesburg Stock Exchange) listing requirements are used. The King III Report provides
principles and recommendations for good corporate governance in South Africa, and the Code of
Corporate Practices and Conduct expands on these principles. The JSE, as the primary stock
exchange in South Africa, plays a significant role in regulating and enforcing corporate
governance standards. As part of the listing requirements, companies listed on the JSE are
expected to adhere to the principles and recommendations outlined in the King III Report and
the Code of Corporate Practices and Conduct.
