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    Risk Management - Session 6 Practice Quiz - Attempt Review - OpenLearn - Open University

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    Karolina gonzalez
    Revisión y respuestas de la evaluación de la sesión 06 del curso Gestión de riego de Open University.

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    Risk Management - Session 6 Practice Quiz - Attempt Review - OpenLearn - Open University

    Uploaded by

    Karolina gonzalez
    16 views5 pages
    Revisión y respuestas de la evaluación de la sesión 06 del curso Gestión de riego de Open University.

    Original Title

    Risk management_ Session 6 practice quiz_ Attempt review _ OpenLearn - Open University

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    Revisión y respuestas de la evaluación de la sesión 06 del curso Gestión de riego de Open University.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views5 pages

    Risk Management - Session 6 Practice Quiz - Attempt Review - OpenLearn - Open University

    Uploaded by

    Karolina gonzalez
    Revisión y respuestas de la evaluación de la sesión 06 del curso Gestión de riego de Open University.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    28/7/24, 19:03 Risk management: Session 6 practice quiz: Attempt review | OpenLearn - Open University


    Risk management

    SESSION SESSION SESSION SESSION SESSION SESSION SESSION SESSION

    1 2 3 4 5 6 7 8

    Well done! You scored over [50%]

    Started on Monday, 29 July 2024, 1:54 AM Started on Monday, 29 July 2024, 2:02 AM

    State Finished Time taken 7 mins 59 secs

    Grade 13.5 out of 15 (90%)

    Question 1
    Correct

    Which of these is the purpose of risk-based assurance?

    Select one:

    To meet legal obligations.

    To prove that the controls work. 


    To prove that ISO 9001 standards are being followed.
    To provide a comparable standard for all forms of the audit in the company.

    Your answer is correct.


    Correct answer:
    To prove that the controls work.

    https://www.open.edu/openlearn/mod/quiz/review.php?attempt=3406132&cmid=95170 1/5
    28/7/24, 19:03 Risk management: Session 6 practice quiz: Attempt review | OpenLearn - Open University

    Question 2
    Correct

    Use the drop-down options to select the risks mitigated by the controls.

    Control/ A B C D E
    Risk

    1 X X X

    2 X

    3 X X X

    4 X X

    5 X X

    Control A mitigates risks: 1 and 3 

    Control B mitigates risks: 2, 4 and 5 

    Control C mitigates risks: 3 and 4 

    Control D mitigates risks: 1 

    Control E mitigates risks: 1, 3 and 5 

    Your answer is correct.


    Correct answer:
    Control A mitigates risks: 1 and 3
    Control B mitigates risks: 2, 4 and 5
    Control C mitigates risks: 3 and 4
    Control D mitigates risks: 1
    Control E mitigates risks: 1, 3 and 5

    Question 3
    Correct

    https://www.open.edu/openlearn/mod/quiz/review.php?attempt=3406132&cmid=95170 2/5
    28/7/24, 19:03 Risk management: Session 6 practice quiz: Attempt review | OpenLearn - Open University

    Which of these are common KPIs used to measure risk management?

    Select one or more:

    Time to answer a customer request.

    Coverage metrics. 
    The amount of risk being taken. 

    Number of risks closed.

    Your answer is correct.


    Correct answer:
    The amount of risk being taken.
    Coverage metrics.

    Question 4
    Partially correct

    Which of these statements are true for risk deep dives?

    Select one or more:

    Deep dives only focus on principal risks.


    A deep dive attempts to cover all the risks in a business unit or function.

    Deep dives are only held on expired risks to extract lessons learned.
    Deep dives provide an opportunity for a detailed review of a risk. 

    Some companies focus their deep dives where incidents have occurred. 

    Your answer is partially correct.


    You have correctly selected two options.
    Correct answer:
    Deep dives only focus on principal risks.
    Deep dives provide an opportunity for a detailed review of a risk.
    Some companies focus their deep dives where incidents have occurred.

    Question 5
    Correct

    https://www.open.edu/openlearn/mod/quiz/review.php?attempt=3406132&cmid=95170 3/5
    28/7/24, 19:03 Risk management: Session 6 practice quiz: Attempt review | OpenLearn - Open University

    Use the drop-down options to select which line of defence these aspects are part of.

    Financial controller 2nd line of defence 

    Management 1st line of defence 


    controls

    Inspection 2nd line of defence 

    Internal audit 3rd line of defence 

    Compliance 2nd line of defence 

    Your answer is correct.


    Correct answer:

    Financial controller 2nd line of


    defence

    Management 1st line of defence


    controls

    Inspection 2nd line of


    defence

    Internal audit 3rd line of


    defence

    Compliance 2nd line of


    defence

    https://www.open.edu/openlearn/mod/quiz/review.php?attempt=3406132&cmid=95170 4/5
    28/7/24, 19:03 Risk management: Session 6 practice quiz: Attempt review | OpenLearn - Open University


    Print

    https://www.open.edu/openlearn/mod/quiz/review.php?attempt=3406132&cmid=95170 5/5

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