TMA4/ENT421

My TMA Home TMA Results My Pending TMA Quick Help TMA Quiz Questions TMA: TMA4/ENT421 Matric Number:  SCORE=8.50 ENT421 - Risk Management MR. ABIANGA E. (eabianga@noun.edu.ng ) 1 Risk management is an integral part of the project selection and management process. Click here to see exhibit selection operation administration direction 2 Safeguarding operation of business from risk exposures informs the setting measures towards____the occurence. cementing establishing fermenting mitigating 3 The need to safeguard the operations of businesses from varied risk exposures and their grave impacts precipitates some concrete measures to be taken towards ________ their occurrence. directing finetuning checkmating overflowing 4 Maritime transportation peril rationale informed advent of_____schemes in managing air and land transportation. finance strategic managing insuarance 5 To ensure safe and quality products and services, quality______and quality control engineers were used in industrial organization. inspectors achievers trainers supervisors 6 _______management was achieved in an organization when Walter A. Shewhart developed control charts in 1967. Quantity Quality Chart Process 7 Risk management is _________part of the project selection and management process. internal external intimate integral 8 Quality control is applied to all of production from_______to sale. stock utilize design setting 9 Application of total quality management in various industrial organizations improve_______of products and services. favour quality data quantity 10 What ensures appropriate measures to be in place for controlling risks in operation? Click here to see exhibit organization managers capital labour 11 ________is setting aside some funds through which organizations indemnify themselves in the event of loss. Internal-fund Self-funding Risk-sharing Counter-party 12 Element of cost in incidents of rsk include the following but______. fines litigation cost court awards project 13 An important consideration in the cost of risk is the______of payment. making forming timing societal 14 Administrative cost of reinstating a loss should be considered by the organization in order to____the option in financing of a risk event. seperate severe stampout determine 15 The risk manager must__________assess the organization's exposure in order to ensure appropriate option for handling risk. severally critically mainly seperately 16 Corporate entities have to engage the use of a cmbination of funding mechanism to ensure the full utilization of_________. magnitude size strength scope 17 ________involes transferring risks to another company that specializes in risk management companies. Counter-party Risk-sharing Risk-transfer Captive-insurance 18 ________is a product that protects organization against movements in price and in interest rates. Derivates Catastrophe Loans Option 19 The pre-occupation of any risk manager revolves around taking_________measures towards reducing risk in an organization. pragmatic active proactive process 20 _______ operation of business from risk exposures inform the setting of measure s toward mitigating occurence. Click here to see exhibit Administration Safeguarding Handling Maritime