BSBRSK 501 Manage Risk Formative Asssessment
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BSBRSK501 _ Manage Risk_Formative Asssessment 1
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Formative assessments

Activity 1.

1. In a short sentence for each, explain the meaning of these terms:

a) Risk

b) Risk management

c) Risk appetite

d) Risk capacity

2. Why should risk management policies and procedures be periodically reviewed? 100words

Activity 2.

Scenario:

You work for Australia Wide Taxations Solutions—a company of 1,500 employees offering taxation service in different cities accoress the country. The company offers five services:personal taxati...
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BSBRSK 501 Manage Risk Formative Asssessment•BSBRSK501 _ Manage Risk_Formative Asssessment
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Formative assessments

Activity 1.

1. In a short sentence for each, explain the meaning of these terms:

a) Risk

b) Risk management

c) Risk appetite

d) Risk capacity

2. Why should risk management policies and procedures be periodically reviewed? 100words

Activity 2.

Scenario:

You work for Australia Wide Taxations Solutions—a company of 1,500 employees offering taxation service in different cities accoress the country. The company offers five services:personal taxati...