Risk Management Quiz

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  1. Question 1 of 8
    1. Question

    All of the following are the strategies to deal with negative risks except:

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  2. Question 2 of 8
    2. Question

    You are shifting your plant to an earthquake-prone location. You get plant foundations designed to absorb the earthquake shocks. What risk strategy are you adopting?

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  3. Question 3 of 8
    3. Question

    ISO 9001:2015 has introduced the concept of risk based thinking in quality management.

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  4. Question 4 of 8
    4. Question

    A risk where the probability of happening is very high and the severity of the loss is high, which risk management approach  is suggested to be used:

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  5. Question 5 of 8
    5. Question

    Which one of these is a response to positive risks?

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  6. Question 6 of 8
    6. Question

    When should a risk be avoided?

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  7. Question 7 of 8
    7. Question

    Which of these are the ways to transfer risk?

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  8. Question 8 of 8
    8. Question

    You are shifting your plant to an earthquake prone location. You get this plant insured by an external party. What risk strategy are you adopting?

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