CSP Risk Management & Advanced Application of Key
Safety Concepts Test with all Correct & 100% Verified
Answers |Already Graded A+
Risk - ✔Correct Answer-ANSI defines "an estimate of the probability of a hazard-related
incident or exposure occurring and the severity of harm or damage that could result" - Risk =
Likelihood x Severity
When preforming a risk assessment, which tool provides a means of establishing and comparing
risk by categorizing combinations of probability of occurrence and severity of harm?
✔Correct Answer-Risk Assessment Matrix
Which Best defines an element of a fitness for duty program? ✔Correct Answer-It assesses
the employee's ability to physically perform the job or work function.
Which Best defines the risk management technique for loss exposures alternative called
'segregation or separation of exposure"? ✔Correct Answer-A contractual transfer of
particulars exposure to loss to a third party via a written contract A technique that isolates or
duplicates an operation, activity, or asset to eliminate exposures to adjacent operations.
Which is the best description of the purpose of liability risk control? ✔Correct Answer--
Identification, analysis, and control
Benefit-Cost Ratio (BCR) ✔Correct Answer-= Present Value of Benefits / Present Value of
Costs
Define "Cost of Risk" - ✔Correct Answer-A risk management tool that measure certain costs
within a risk management program.
Why might a CSP use a "what-if" analysis? - ✔Correct Answer-You need a cross-functional
team to help you identiy potential hazard scenarios, their causes, any existing controls, and
additional controls that may be needed.
Which type of hazard involves carelessness or indiffenrence to a loss, which increases the
frequency or severity of a loss? ✔Correct Answer-Attitudinal Hazard
Which risk management tool could a CSP use to identify potential failures, hazards, risks, and
controls? ✔Correct Answer-Brainstorming
Which is a method of preforming an initial hazard analysis? ✔Correct Answer-Failure Mode
and Effects Analysis (FEMA)
Safety Concepts Test with all Correct & 100% Verified
Answers |Already Graded A+
Risk - ✔Correct Answer-ANSI defines "an estimate of the probability of a hazard-related
incident or exposure occurring and the severity of harm or damage that could result" - Risk =
Likelihood x Severity
When preforming a risk assessment, which tool provides a means of establishing and comparing
risk by categorizing combinations of probability of occurrence and severity of harm?
✔Correct Answer-Risk Assessment Matrix
Which Best defines an element of a fitness for duty program? ✔Correct Answer-It assesses
the employee's ability to physically perform the job or work function.
Which Best defines the risk management technique for loss exposures alternative called
'segregation or separation of exposure"? ✔Correct Answer-A contractual transfer of
particulars exposure to loss to a third party via a written contract A technique that isolates or
duplicates an operation, activity, or asset to eliminate exposures to adjacent operations.
Which is the best description of the purpose of liability risk control? ✔Correct Answer--
Identification, analysis, and control
Benefit-Cost Ratio (BCR) ✔Correct Answer-= Present Value of Benefits / Present Value of
Costs
Define "Cost of Risk" - ✔Correct Answer-A risk management tool that measure certain costs
within a risk management program.
Why might a CSP use a "what-if" analysis? - ✔Correct Answer-You need a cross-functional
team to help you identiy potential hazard scenarios, their causes, any existing controls, and
additional controls that may be needed.
Which type of hazard involves carelessness or indiffenrence to a loss, which increases the
frequency or severity of a loss? ✔Correct Answer-Attitudinal Hazard
Which risk management tool could a CSP use to identify potential failures, hazards, risks, and
controls? ✔Correct Answer-Brainstorming
Which is a method of preforming an initial hazard analysis? ✔Correct Answer-Failure Mode
and Effects Analysis (FEMA)
