Quiz: Importance of Risk Management for Stakeholders
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned, let's test your knowledge of the importance of risk management for stakeholders!
Why is risk management important for stakeholders?
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Which of the following risks directly impact stakeholders? (Select all that apply)
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Stakeholders rely on risk management to protect their {{blank0}} and ensure business {{blank1}}.
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Match the items on the left with their correct pairs on the right
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What is the main purpose of contingency planning?
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Which of the following are examples of preventative actions for risk management? (Select all that apply)
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If a business sets aside £5,000 per month for a contingency fund, what is the total amount saved after 12 months?
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How does poor risk management affect stakeholders?
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Match the items on the left with their correct pairs on the right
What is one way risk management can protect public relations?
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