Risk Control – NBC Institute

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

Question

a. Using the ISO 31000 framework, show what an organization might do to address risk management challenges. (9 Marks)

b. Explain THREE main elements of risk management contained in the ISO 31000 framework. (6 Marks)

Answer

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Tags: ISO 31000, Organizational Risk, Risk Control, Risk Management, Risk Management Framework
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

Question

Mallam Danladi is a civil servant who has won a sum of one hundred million Naira in a lottery. Being a very conservative person who is averse to risks, Mallam Danladi is contemplating putting the money in a fixed deposit account at an interest rate of 14% per annum or into treasury bills at an interest rate of 18.5% per annum. These two options are considered to be virtually risk-free. Mr. Madoff, a risk consultant, advised him to invest in the production of shea butter, coconut oil, and black soap, with a promise of 52% profit per annum. In an attempt to convince Mallam Danladi to invest in the production of these items, Mr. Madoff tried to educate him on the nature of risks and how to effectively monitor and control them in ways that will ensure that business remains highly profitable.

Required:

a. Explain briefly the nature of risk in business to Mallam Danladi. (2½ Marks)

b. Discuss FOUR distinct means of controlling business risk. (10 Marks)

c. Explain briefly the purpose of monitoring risks in business. (3 Marks)

d. Discuss THREE ways of monitoring risks in business. (4½ Marks)

Answer

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Tags: Business risk, Financial Decision-Making, Fixed Deposit, Risk Control, Risk Monitoring, Treasury bills
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

Question

Debora Dede Boateng is having sleepless nights due to the level of SBL’s risk in relation to ongoing investment. She had a discussion with Bismark, which centered on the “International Organization for Standardisation’s ISO 31000.”

Required:
Explain the process of risk management that you will recommend that should be adopted by SBL’s board in line with ISO 31000. (10 marks)

Answer

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Tags: ISO 31000, Process of Risk Management, Risk Assessment, Risk Control, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: MAY 2021

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

Question

The following are measures for the management of risks EXCEPT

A. Identifying risks to system security
B. Evaluating and prioritising the identified risks
C. Developing controls to avoid the identified risks or control the risk within acceptable limits
D. Implementing the controls and monitoring their effectiveness
E. Allowing the risks to manifest and monitor control

Answer

Find Related Questions by Tags, levels, etc.

Tags: Risk Control, Risk Management, System Security
Level: Level 1

Topic: Information Systems Development and Security
Series: MAY 2016

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

Question

a. Using the ISO 31000 framework, show what an organization might do to address risk management challenges. (9 Marks)

b. Explain THREE main elements of risk management contained in the ISO 31000 framework. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Organizational Risk, Risk Control, Risk Management, Risk Management Framework
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

Question

Required:

a. Explain briefly the nature of risk in business to Mallam Danladi. (2½ Marks)

b. Discuss FOUR distinct means of controlling business risk. (10 Marks)

c. Explain briefly the purpose of monitoring risks in business. (3 Marks)

d. Discuss THREE ways of monitoring risks in business. (4½ Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business risk, Financial Decision-Making, Fixed Deposit, Risk Control, Risk Monitoring, Treasury bills
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

Question

Required:
Explain the process of risk management that you will recommend that should be adopted by SBL’s board in line with ISO 31000. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Process of Risk Management, Risk Assessment, Risk Control, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: MAY 2021

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

Question

The following are measures for the management of risks EXCEPT

Answer

Find Related Questions by Tags, levels, etc.

Tags: Risk Control, Risk Management, System Security
Level: Level 1

Topic: Information Systems Development and Security
Series: MAY 2016

Question Tag: Risk Control

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CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

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CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

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CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

You're reporting an error for "CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy"

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

You're reporting an error for "SCS – May 2021 – L3 – Q7 – Controlling risk"

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

You're reporting an error for "MI – May 2016 – L1 – SA – Q20 – Information System Development and Security"

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

You're reporting an error for "CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy"

CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy

Explain business risk to a conservative investor and discuss strategies for risk control and monitoring.

You're reporting an error for "CSME – May 2017 – L2 – SB – Q3 – Risk Management and Corporate Strategy"

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

You're reporting an error for "SCS – May 2021 – L3 – Q7 – Controlling risk"

MI – May 2016 – L1 – SA – Q20 – Information System Development and Security

Identify non-standard risk management measure.

You're reporting an error for "MI – May 2016 – L1 – SA – Q20 – Information System Development and Security"

Our offerings

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Customer

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