Quiz

Quiz: Evaluating Risk Responses

WJEC Eduqas GCE A LEVEL in BUSINESS specification

11 Steps9 Questions

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Building on what you've learned about risks and their management, let's test your knowledge of evaluating risk responses!

Multiple ChoiceInteractive

What is the main purpose of evaluating risk responses?

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Multi-SelectInteractive

Which of the following are key factors in evaluating risk responses? (Select all that apply)

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Fill in the BlankInteractive

A {{blank0}} plan outlines actions to be taken in response to potential risks, aiming to minimise their impact.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

Calculate the expected cost of risk mitigation if the likelihood of a risk is 0.2 and the impact is £50,000.

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Multiple ChoiceInteractive

Which of the following is an example of a preventative action?

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typedAnswer

Match the items on the left with their correct pairs on the right

Multi-SelectInteractive

Which of the following are examples of supply chain risks? (Select all that apply)

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Fill in the BlankInteractive

The process of managing public perception during a crisis is known as {{blank0}} management.

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Multiple ChoiceInteractive

What is the primary benefit of contingency funds?

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