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A business model is a set of assumptions about the ______
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. way an organization creates value - ANSWER ✔✔D. way an
organization creates value
What two analytical tools are particularly useful in analyzing the
business model?
,A. Key performance indicators and total cost of risk
B. Key risk indicators and gap analysis
C. Pareto analysis and root cause analysis
D. Value chain analysis and benchmarking - ANSWER ✔✔D. Value
chain analysis and benchmarking
Risk management professionals conduct supply-chain analyses to
identify _______________ .
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization - ANSWER ✔✔D.
potential vulnerabilities to the organization
Which activity does the risk management professional perform
immediately after obtaining internal and external information about the
organization?
, A. analyze the information
B. organize the information
C. prioritize the information
D. report the information - ANSWER ✔✔B. organize the information
Which risk identification and analysis technique should a risk
management professional use in order to gather information from
multiple departments in a brainstorming session that helps to identify
shared risks within an organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires - ANSWER ✔✔C. workshops
When analyzing an organization's value chain, which of the following
would be considered a primary activity?
A. technological development
B. human resources management
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