Risk Types | Assessing Risk | Steps to assess risk |
---|---|---|
B. risk within your control
What is an internal risk?
A. A business risk B. A risk within your control C. A risk outside of your control D. A supply chain risk |
A. True
Risk Equation = Probability of an Event * The Impact of the Event
A. True B. False |
D. Risk identification
What is the first step of risk mitigation?
A. Risk assessment B. Risk planning C. Risk tracking D. Risk identification |
C. A disruption caused by a naturally occurring phenomenon
What is an environmental risk?
A. An internal risk B. A business risk C. A disruption caused by a naturally occurring phenomenon D. A risk within your control |
B. False
Natural disasters are high probability events, with low impact.
A. True B. False |
C. Ordering risks from least to most critical
What is risk prioritization?
A. Identifying risks B. Locating risk areas C. Ordering risks from least to most critical D. Finding alternative solutions to risk |
B. False
All disruptions ARE natural disasters, but all natural disasters ARE NOT disruptions.
A. True B. False |
A. Node criticality
Which of the following is a risk driver?
A. Node criticality B. Geographic location C. Time D. Industry |
B. False
A risk assessment plan looks the same for every company.
A. True B. False |