QUESTION: 85

DRAG DROP (Drag and Drop is not supported)
Y plc, a pharmaceutical company, has dealt with a number of risks in the manner indicated below. Use the TARA framework to classify each of Y plc's responses.

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Answer(s): A

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QUESTION: 86

You are in process of compiling a risk register for P, a company which maintains railway tracks. This helps prevent accidents and ensures the trains are not disrupted due to problems with the track.
Which of the following statements are valid?

A properly compiled risk register will identify all the risks to which P could possibly be exposed.
A risk register should profile each risk in terms of probability and consequence.
A risk register should concern itself with only the direct consequences of each risk such as injury to passengers and ignore indirect risks, such as re-routing trains due to an accident.
The risk register for P should be updated frequently: for example, every two weeks.
The risk register should specify the individual, or group of individuals, responsible for the management of each risk.

Answer(s): B,E

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QUESTION: 87

DRAG DROP (Drag and Drop is not supported)
Match the descriptions shown in the boxes below with the method of quantifying risk exposure it best describes.

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Answer(s): A

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QUESTION: 88

Risk management involves all parties in an organisation.
Which of the following describe the Board's responsibilities for risk management?

The Board is responsible for choosing the least risk products to promote.
The Board is responsible for maintaining a robust system of internal controls.
The Board is responsible for addressing any weaknesses in internal controls.
The Board is responsible for considering whether weaknesses in internal controls need to be addressed.
The Board is responsible for safeguarding the company's assets.

Answer(s): B,D,E

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QUESTION: 85

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QUESTION: 87

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QUESTION: 88