BFN421 Solutions

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

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