RSK2602 ASSIGNMENT 2 SECOND SEMESTER DUE 22 SEPT 2023

QUIZ

Assessment 2
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Started on Saturday, 19 August 2023, 7:54 PM
State Finished
Completed on Saturday, 19 August 2023, 8:35 PM
Time taken 40 mins 30 secs
Question 1
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Question text
Residual risk may typically be dealt with through …


a.
appropriate preventative control measures




b.
insurance policies




c.
strategic management processes




d.
acceptance/tolerance



Question 2
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Motor vehicle accidents for a business with a motor fleet may typically be …

, a.
classified as a high-frequency/low-severity losses.




b.
best dealt with by accepting it as an operating expense.




c.
best dealt with through third-party insurance.




d.
ignored in terms of risk control decision-making.

Question 3
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Question text
Scenario formulation and analysis …




a.
merely identifies risks at a macro level.




b.
is primarily a top-down approach to evaluating operational risk.




c.
is used to neutralise some subjectivity of other non-numerical assessment methods.




d.
merely identifies risks at a tactical level.