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QUESTION 19 Match the steps in the risk management process in column A with ...
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QUESTION 19
Match the steps in the risk management process in column A with the descriptions in column B below:
COLUMN A
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COLUMN B
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1
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Step 1
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a
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Design and develop a risk response strategy to address the risk in the business.
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2
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Step 2
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b
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The amount of loss that is likely to occur needs to be determined or quantified.
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3
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Step 3
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c
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Determine the degree of exposure before and after the mitigation.
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4
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Step 4
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d
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Detection of variability of actual results from desired or expected results that can result in a loss.
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5
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Step 5
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e
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Monitoring, reviewing, and reporting stages in risk management.
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The correct option to match the steps and descriptions is …
a. 1. E; 2. D; 3. A; 4. B; 5. C
b. 1. D; 2. C; 3. B; 4. E; 5. A
c. 1. A; 2 .E; 3. B; 4. C; 5. D
d. 1. D; 2 .C; 3. B; 4. A; 5. E