TU Wien:ERM Fundamentals VU (Schwaiger)/Multiple Choice Risk-based Planning and Control Systems, SS 2020

Questions

• A risk-based predictive model takes uncertainty in account when forecasting the likely outcomes of various alternative courses of actions (True)
• The Q9 guideline on quality risk management characterizes the transition from proactive to reactive quality management by managing incurred risk events (False)
• In a 1-person enterprise the conflicting interests hide the “risk understanding diversity” between preventable, strategy execution and external risks (False)
• Speculative risks include risk events as well as chance events (True)
• An enterprise risk management system is defined by the 3 parts, i.e. a risk-based corporate governance that integrates providers and users of risk information (True)
• Jaedicke/Robichek’s probabilistic CVP framework is one of the first risk-based management systems in the strategic management domain (False)
• Mikes/Kaplan: External (Category III) risks arise from events that the company can influence (False)