QUESTION: 49

Assessing and identifying exposure to risks should:

I) Be done prior to investing in a major capital expenditure.
II) Be a continual process.
III) Be undertaken as part of the feasibility analysis prior to purchasing another business.
IV) Include financial, physical, safety, security, health, product liability, and proprietary information risk exposures.

I, III, IV only
I, III only
I, II, III, and IV
I only

Answer(s): C

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QUESTION: 50

Which of the following are methods for mitigating risks?

I) Eliminate the condition that may cause a loss to occur II) Establish contingency plans
III) Obtain insurance to cover some of the potential risk
IV) Self-insure

I, II, III, and IV
I only
II, III, and IV only
I and II only

Answer(s): A

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QUESTION: 51

Knowledge management involves all but which of the following?

Recording and storing all the tacit knowledge of all the employees.
Documenting "lessons learned" from product development projects.
Determining what knowledge to record and store, and by whom and how it will be accessed and used.
Building and reinforcing an organization culture that supports and promotes reusing knowledge rather than reinventing knowledge.

Answer(s): A

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