. The company 10. Pamela just took over as risk manager of Agri-products Company
ID: 378192 • Letter: #
Question
. The company 10. Pamela just took over as risk manager of Agri-products Company produces agricultural chemicals and buys and sells agricultural commodities. The previous nanager had attempted to institute an enterprise risk management program and failed One of Paula's first moves was to formulate a mission statement and a bullet-point list of the organization's risk statements of how the objectives will be achieved is a management philosophy. This clearly-stated list of objectives and a. Risk criteria chart b. Key risk indicators list e. Risk management manual d. Risk management policy statement 11. Sixth National Bank stores all of its financial records in an electronic data base. Sixth national customers are able to access their accounts on-line with a user identification number and a password. Last weekend, a computer hacker was able to breach the firewall of the electronic data base and gain access to customer account data. This operational risk for Sixth National Bank is a. An external event risk b. A systems risk c. A process risk d. A credit risk 12. Which of the following risk management program goals enhances an organization's reputation? a. Economy of operations b. Tolerable uncertainty c. Survival d. Social responsibility 13. The structure that supports the organization's risk management objectives and strategies is the a. Risk management framework b. Risk management standard c. Risk management manual d. Risk management policy statementExplanation / Answer
10. The answer is given below:
d.Risk management policy statement.
The risk management policy statement document on the risks and formulate a mission to perform a specific action.
11. The answer is given below:
a. An external event risk
A risk of losing on internal process from the external people and system.
12. The answer is given below:
d. Social responsibility
The risk identified through socio ecomonic composition of the community.
13. The answer is given below:
d. Risk management policy system
The risk management policy statement document on the risks and formulate a mission to perform a specific action.
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