BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Political Risk
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Technology Risk
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Environmental Risk
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Functional Risk
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Detailed explanation-1: -Functional risk is not considered as a sources of risk.
Detailed explanation-2: -Four primary sources of risk affect the overall market: interest rate risk, equity price risk, foreign exchange risk, and commodity risk.
Detailed explanation-3: -Risk Avoidance–eliminate the exposure completely. Risk Control–reduce chance or size of loss, or make the likelihood more certain. Risk Transfer–via insurance or contractual language. Risk Retention–decide to bear the risk at an acceptable level.
Detailed explanation-4: -D. Explanation: testing is a part of project, thus it can’t be categorized as risk.
Detailed explanation-5: -There are at least five crucial components that must be considered when creating a risk management framework. They include risk identification; risk measurement and assessment; risk mitigation; risk reporting and monitoring; and risk governance.