Chapter Review Questions
The following questions are designed to check that you have understood the information in the chapter. For a realistic practice exam, please check the practice resources in our exclusive online study tools (refer to Chapter 29, Accessing the online practice resources for instructions to unlock them). The answers and explanations to these questions can be found via this link.
- Which of the following is a phase in risk management during which potential risks are determined?
- Risk assessment
- Risk identification
- Risk mitigation
- Risk monitoring
- Which type of risk assessment is performed to monitor and assess risks in real-time and is most effective for instantaneous detection of issues?
- Ad hoc
- Scheduled
- Continuous
- Recurring
- Which type of risk assessment typically occurs at regular and scheduled intervals?
- One-time
- Ad-hoc
- Continuous
- Recurring
- In risk management strategies, which analytical approach quantifies risk by applying numerical values, statistical methods...