BFN421 Tma Solutions
The fundamental principlesof risk management should cover the following except
Create value for the operations of an organisation
Be systematic and structured
Be transparent and inclusive
—>> Be transparent and exclusive
2. Which of this is not a merit of flow chart as a technique for risk identification
It charts out the complicated plant and process into smaller and manageabe design
It tends to be more detailed compared with the previous technique
It is qualitative in natyre as opposed to quantitative
—>> It potrays the structure of the organisation
Which of these cannot be associated with strategic risk
—>> Use of obsolete items of equipment which may braek down
A new competitor enters the firm’s industry
The firm faces decisions about crating new products
The firm faces decisions about creating new markets
Which of these is an internal source of information for risk detection
Emergency services from the fire services
Professional bodies
Consultants
—>> Existing documents
