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Q1 Risk management is defined as a series of processes by which risks are identified, measured,...

Q1 Risk management is defined as a series of processes by which risks are identified, measured, assessed, and managed in order to increase firm’s risk taking and fundamental value.

True

False

Q2  Which of the following can reduce a firm’s level of risks? Choose all that apply.

Avoiding high-risk businesses

Retaining part of risks with low probability and low impact

Delaying the assessment of risk management performance as long as possible

Reassessing and modifying the existing risk management strategy
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Homework Answers

Answer #1

1.the given statement about risk management is true because it is a series of processes which will help in management of the risk and it will help in deduction of the overall risk.

Given statement is TRUE

2. Following will reduce the firm risk-

A. Avoiding high risk business will help in in decreasing the overall risk associated with the business.

D.reassessment and modification of the existing risk management strategy will help in reduction of firm level of risk.

it is not related to retention of the part of the risk and delaying the process of assessment of risk.

Correct answer is option( A) and option( D).

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