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Risk Management
Risk Management
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StudBud Administration
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Test your knowledge on managing risks and understanding risk management strategies
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
Which risk is related to market changes?
Compliance risk
Economic risk
Reputational risk
Operational risk
2
Which factor increases business risk?
Strong leadership
Effective communication
Clear goals
Lack of planning
3
Which strategy reduces financial risk?
Neglecting research
Diversification
Concentration
Speculation
4
True or false: Risk management is only for big companies.
True
False
5
What is a common risk in startups?
Strong customer loyalty
High employee morale
Market competition
Stable funding
6
What is a common response to risk?
Indifference
Mitigation
Avoidance
Denial
7
True or false: Risk can lead to opportunities.
True
False
8
True or false: Risk tolerance varies by individual.
True
False
9
True or false: Insurance eliminates all risks.
True
False
10
Which risk involves legal issues?
Operational risk
Compliance risk
Market risk
Financial risk
11
Which risk is associated with technology?
Market research
Customer feedback
Cybersecurity threats
Employee training
12
What is a benefit of risk management?
Less innovation
Higher costs
More uncertainty
Increased confidence
13
What is a common financial risk?
Cash flow issues
Strong sales growth
High customer satisfaction
Low competition
14
What is a risk management tool?
Networking events
SWOT analysis
Social media
Product launches
15
True or false: All risks can be eliminated.
False
True
16
What is a key component of risk assessment?
Avoiding feedback
Ignoring data
Identifying threats
Focusing on profits
17
True or false: Risk is always negative.
False
True
18
What is a risk management framework?
Focusing on profits
Ignoring risks
Guidelines for assessment
Random guessing
19
Which type of risk is hardest to predict?
Operational risk
Reputational risk
Market risk
Financial risk
