1. Which identifies a structural barrier to risk management?
A) Leaders who are willing to assume risks
B) Low awareness of risk management strategies
C) Resistance to new ideas and strategies presented
D) Likelihood that business units will value operational needs
2. How does increasing risk awareness and risk intelligence levels throughout the organization benefit?ÿthe organization's risk management strategic planning?
A) Prepares employees to participate in emergency preparedness and business continuity desktop exercises
B) Creates human capital value when employees are better informed in risk awareness and readiness
C) Allows more employees to identify and address risk concerns and participate in focus groups
D) Increases success rates of projects as more employees gain a comfort level with uncertainty
3. Which benefit is most likely realized when an organization implements effective risk management techniques?
A) Decreased need for leadership engagement in risk management programs
B) Greater flexibility across the organization in responding to risk
C) Increased confidence in and use of traditional organizational wisdom about risks
D) Increased confidence among internal and external stakeholders
4. When challenged to prove the worth of risk management to an organization's leaders, which benefit should an HR professional describe?
A) Risk management leads to more-efficient use of organizational resources.
B) Risk management requires few resources but can produce significant profit.
C) Risk management is considered a best practice among today's businesses.
D) The process of identifying risks increases employee engagement.
5. What is the first step of the ISO risk management process?
A) Establish the risk context.
B) Identify and analyze risks.
C) Prioritize risks.
D) Create communication channels.
Write a public review