MCT Beginning

1. The risk analysis takes into account:

• The impact
• The likelihood
• Means of control
• The root causes
• The cost of profits and losses

2. The components of the risk management process are to:

• Plan
• Appreciate the risk
• Analyze the risk
• Watch
• Communicate

3. In the PDCA cycle, the A stands for:

• Audit
• Act
• Assign responsibilities
• Improve
• Appreciate the risk
• Apply means of control

4. Choosing the risk treatment option means taking into account:

• Reduction of risk at all costs
• Objectives
• Cost analysis (compare costs and benefits)
• Risk criteria
• Stakeholder opinion

5. Risk:

• Is inevitable
• Is intrinsic to any activity
• Can be eliminated
• Cannot be eliminated
• Can be reduced