The consequence of a failure to identify all significant risks that an organisation faces is likely to be 1. business objectives may not be achieved 2. operating costs may increase3. opportunities may be overlooked 4. Risks will be better identified in future.

RISK MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	1 and 2
B	1, 3 and 4
C	1, 2 and 3
D	none of above

Explanation:

Detailed explanation-1: -The consequences of this failure include a strategy the organization is unable to deliver, a deteriorating competitive position, an inability to adapt to a changing business environment and a significant loss of enterprise value.

Detailed explanation-2: -If an organization lets risks go unmanaged, it may face potential financial, operational, legal, and reputational losses. Risks affect a business’s activities, operations, and even financial reporting.

Detailed explanation-3: -Businesses have a responsibility to ensure all staff are aware of and understand the risks associated with their work as well as the environment they work in. A failure to do this can result in large fines and opens up the possibility of accidents in the work place.

There is 1 question to complete.

BUISENESS MANAGEMENT

RISK MANAGEMENT