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Risk Analysis & Risk Management in Business: Overview, Objectives & Comparison

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If management intentionally makes a bad decision to try and avoid issuing recall on their items, what type of risk will they be struggling with?

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1. Which of the following is the best-fitting example of a situation of operational risk?

2. Which of the following is NOT one of the risk management options given to management when they look for ways to manage risk?

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About This Quiz & Worksheet

The worksheet and quiz help you check your understanding of risk analysis and risk management in business. Operational risks and managerial approaches to risk are topics you need to know in order to do well on the quiz.

Quiz & Worksheet Goals

The goal of these tools is to check your comprehension of:

  • The definition of business risk
  • A situation of operational risk
  • Type of risk where management intentionally makes a bad decision to avoid issuing recall on their items
  • Risk management options

Skills Practiced

  • Information recall - access the knowledge you have gained about the correct managerial approach to risk
  • Reading comprehension - ensure that you draw the most important information from the lesson on risk analysis and management in business
  • Interpreting information - verify that you can read information about the word business risk and interpret it correctly

Additional Learning

Risk Analysis & Risk Management in Business: Overview, Objectives & Comparison is a lesson you can use to review more topics, including:

  • Types of risk
  • Where risk can be found
  • Strategies for mitigating risk
Final Exam
Business 116: Quantitative Analysis
This course currently has no final exam ready
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