Day: December 4, 2024

Accounting Multiple Choice Question – 4 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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In the risk management process, in which order should the following aspects of risk management proceed?

a Risk response and control
b Risk analysis and measurement
c Risk awareness and identification
d Risk monitoring and reporting

Select ONE answer:

  1. a, b, d, c
  2. c, b, a, d
  3. b, c, a, d
  4. d, b, a, c

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct == > Following risk awareness and identification (c), the risk manager analyses and measures the risk (b) and assesses how it can be responded to and controlled (a). The risk is then monitored and reported (d).
  3. Not correct
  4. Not correct

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