Question

1.decision should be made under expected value is *

a) highest cost of production

b) highest profit

c) highest EMV

d)highest impact

2.which of the following is not the strategies under risk management *

a.Crop diversification

b. debt res-structuring

c. monetarily lose out

d. financial hedging

3. topic under risk programming *

a.MOTAD Programming

b.Mean Absolute Deviation

c.Direct Maximization of Expected Utility

d.minimax regret table

4.tools and techniques suitable to conduct quatitative risk analysis are *

a.expert judgement

b.risk urgency assessment

c.probability and impact matrix

d.decision tree analysis

5.act as a tool for analyzing situations where the individual does not know which outcome may result from that decision is referred to which theory. *

a. risk aversion

b. stochastic dominant

c. expected value

d. expected utility

6. as wealth increases, holding more stakes in risky assets is the statement for? *

a. increasing relative

b. decreasing relative

c. increasing absolute

d. decreasing absolute

7. What may seem like a minor risk can quickly expand to become a significant concern. Avoid assuming that some threats don't need to be considered. It's better to document all risks, then analyse and assign a weighting that can be re-evaluated later. The explanation above is the process of *

a.Develop strategies to address risks based on their priority.on 1

b. Rate and prioritize each risk

c. Isolate all potential risks

d. Monitor each risk and re-evaluate

8. below are the advantages conducting risk analysis except for *

a. improves project control

b. improve level of uncertainty

c. decrease impact of negative events

d. improves organizational learning

9. combination of expected income and standard deviation of income that yield the same utility is the definition for *

a.expected utility

b. indifferent curve

c. risk aversion

d. risk identification

10. hiring outside resource to conduct field operation is the example for *

a. risk acceptance

b. risk mitigation

c. risk transference

d. risk avoidance

11. the examples of situations where provide an uncertain flow of money or service to its owner are as below except for? *

a. insurance

b. bonds

c. stock price

d. capital gains

12. which of the following is not the criteria in the decision-making process under expected value-variance *

a. high expected value

b. high return on investment

c. high coeficient of variance

d. low standard deviation

13. in order to respond to the assessed risks, organization should apply effective strategies and this process should be as below except for *

a.owned by responsible person

b. faster

c. realistic

d. cost effectiveness

14. risk can be categorized to illustrate most vulnerable arears of the project, categories include *

a. WBL

b. RBS

c. SBW

d. BSR

15. Risk response planning is the process on how minimize the probability of the negative risks as well as enhancing the opportunities refer to: *

a. Monitor the risk

b. Analyse the risk

c. Rank the risk

d. Treat the risk