1.4 When assessing risk, an analysis is done regarding two dimensions namely: ranking of the impactand of a risk occurring. Choose a word from the options below to fill in the missingword to complete the statement. 1.4.1 Result 1.4.2 Likelihood 1.4.3 Cost 1.4.4 Opportunity 1.5 Which ONE of the following statements regarding risk is true? 1.5.1 Risk only relates to new issues. 1.5.2 Risk is only concerned about things going wrong. 1.5.3 Risk can recognise positive events, including opportunities. 1.5.4 Large enterprises are the only ones that need to manage risks 1.6 With regards to the core values of an organisation, which ONE of the following statements is TRUE? 1.6.1.1 It describes the purpose of the organisation and it broadly states the reason why the organisation exists. 1.6.1.2 It describes the principles that guide an organisation by describing how every employee should behave. 1.6.1.3 It describes where the organisation wants to go in future. 1.6.1.4 It describes the measures of progress and targets to be achieved by the organisation in a specific time frame. (2) 1.7 Which of the following statements describe corporate culture in the internal environment of an organisation? (1) It entails the employee's values, symbols, and shared beliefs. (2) It presents a language for interpreting issues and events. (3) It is the "glue" that holds everyone together. (4) It is the workforce of an organisation. (5) It entails the management of certain events such as workplace conflict