Who takes ownership for a Business Continuity Plan?
Options:
A.
the top level of an organisation
B.
the department head
C.
the risk champion of the company
D.
the individuals who identify the risks
Answer:
A
Explanation:
Explanation:
Explanation
A Business Continuity Plan is held at the top level. See p. 155
Question 10
ISO 31000 is built on 11 guiding principles. Identify THREE of these.
Options:
A.
Risk management can create value
B.
Risk Management should take into account company culture
C.
Risk Management should address uncertainty faced by the organisation
D.
Risk Management should be done annually
E.
Risk Management should include only the Departments affected by risk
Answer:
A, B, C
Explanation:
Explanation:
Explanation
The first three sentences are true about ISO 31000. The list of the 11 principles are from p. 140. ISO 3100 is a known exam topic.
Question 11
Which organisation created the Decent Work Agenda?
Options:
A.
UN
B.
ISO
C.
ILO
D.
ETI
Answer:
C
Explanation:
Explanation:
Explanation
This is from ILO- the International Labour Organisation - see p.49 of the textbook. You should recognise all four of these acronyms as they come up in this module UN= United Nations - they have the Guiding Principles, ISO = produce standards for business practices and ETI = Ethical Trading Initiative - they have a base code for labour practices.
Question 12
Which of the following will you put into box 3?
Options:
A.
hazard
B.
financial
C.
strategic
(Correct)
D.
operational
Answer:
C
Explanation:
Explanation:
An aging workforce is a strategic risk for the business.