Chapter 1 - Risk

Part A. Identification, classification and evaluation of risk - 20%

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Part A Ch1 Risk - 29 questions

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A.1 Evaluate the types of risk facing an organisation and recommend appropriate responses.

(a) Identify the types of risk facing an organisation

  • Upside and downside risks arising from internal and external sources and from different managerial decisions.
  • Risks arising from international operations, such as cultural differences and differences between legal systems. Note: No specific real country will be tested.
  • Strategic and operational risks.

A.3 Evaluate the ethical impact of risk.

(a) Evaluate ethical, social and environmental issues arising from risk management.

  • Reputational risks associated with social and environmental impacts.