If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
Answer(s): D
Transfer.Some of the risk has been transferred to the insurance company.
How many 'Whys'?
Answer(s): A
'Five-Why Analysis' or 'Why-Why Analysis' is an approach to trying to determine the cause of an event. It can be used to link to / in conjunction with an Ishikawa diagram. The principle is that one repeatedly (as often as necessary, not necessarily limited to five) asks 'why?', and eventually an un- derlying reason will emerge, which if addressed effectively, will successfully resolve the problem. This is something which can often be observed naturally in small children. 'Why, Daddy?'. 'But why, Daddy?. Etc. (Or Mummy)
Which one of the following is not an `E' from STEEPLE?
Even if you don't know what 'Epistemological' means, you should know it's the odd one out.It relates to the philosophical study of knowledge.
Which one of the following could not be classed as a form of performance specification?
Since performance specifications are all to do with outputs, 'input-driven' leaps out as being the cor- rect answer here.
In which quadrant of a SWOT analysis would `well-developed management skills, unique intellec-tual property rights and sound financial backing' appear?
Answer(s): C
Strengths.
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