QUESTION 1

Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.

Decline of traditional 18-22 student cohort is a:

	A.	systemic risk
	B.	institutional risk
	C.	unit-level risk
	D.	none of the above

Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.

Failure to meet institutional enrollment targets is

	A.	systemic risk
	B.	institutional risk
	C.	unit-level risk
	D.	none of the above

Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.

HIPAA compliance is a

	A.	systematic risk
	B.	institutional risk
	C.	unit-level risk
	D.	none of the above

Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.

Declining public perception of the value of a liberal arts degree is a

	A.	systematic risk
	B.	institutional risk
	C.	unti-level risk
	D.	none of the above

Ability of the university to reach its enrollment targets is a

	A.	financial risk
	B.	operational risk
	C.	strategic risk
	D.	reputational risk

A government finding of research misconduct is a

	A.	financial risk
	B.	operational risk
	C.	strategic risk
	D.	reputational risk

A malware attack on IT systems is a

	A.	financial risk
	B.	operational risk
	C.	strategic risk
	D.	reputational risk

Failure to comply with Title IX regulations poses a

	A.	compliance risk
	B.	operational risk
	C.	strategic risk
	D.	reputational risk

Compared to a "progressive company," a typical college or university risk management program:

	A.	focuses on more risks that can be addressed in a reasonable period of time.
	B.	in an effort to be comprehensive, conflates risks of different types.
	C.	spends more time on identifying risks than on finding solutions.
	D.	all of the above

Macroeconomic risk, including changes in inflation rates and unemployment, are

		systemic risk
		institutional risk
		reputational risk
		unit-level risk