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Risk Management Quiz 1 Quiz

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1. What is the primary objective of risk management?

2. What are the four main processes in risk management?

3. In risk management, what does risk treatment mean?

4. What is the difference between risk management and crisis management?

5. Which of these is not a risk management strategy?

6. In risk management, what does 'Accepting a Risk' mean?

7. What term is used to represent the probability and impact of a risk occurring?

8. What does 'Risk Transference' mean in the context of risk management?

9. Which of the following is an example of Risk Reduction?

10. What tool is often used in risk management to prioritize risks based on their likelihood and impact?