PRELIM QUIZ ASSESSMENT 1
Understanding Risk Management
Take this engaging quiz to test your knowledge of risk management concepts. Whether you're a professional or just curious, this quiz will help deepen your understanding.
- Learn the essential risk management processes
- Explore different approaches to managing risk
- Assess your grasp of key terminology
What do we mean by risk? Choose the letter that corresponds to the best correct answer.
Consequence of uncertainty
Outcome of threat
Deviation of what is expected
All of the above
None of the above
Why there is a need for us to manage risk? Choose the letter that corresponds to the best correct an
To predict the outcome of an event
To ensure the attainment of the expected outcome
Reduce the likelihood of uncertainty of an event
Determine a course/s of action/s in the occurrence of an unexpected event
All of the above
What are the risk management processes?
What are the different type of risk approaches?
In dealing with risk, we need to prioritize it first
True
False
Indeterminate
What is risk rating?
The likelihood of the severity of risk
The rating by which risk is rated
The outcome of risk
None of the above
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