Page 26 - EBOOK RISK MANAGEMENT
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8) Which of the following is the benefit of centralization of risk management
department?
a. Facilitates effective interaction between risk manager and senior
management
b. Delegate work of risk management among company branch
c. Help improve quality, enhance customer satisfaction and increase sales
d. Help reduce negative impacts on the environment
9) Which of the following is TRUE about ISO?
a. ISO is an independent, non-governmental international organization with a
membership of 162 national standards bodies
b. ISO is the major card companies and banks break down the merchants who
accept their cards into categories and assign each merchant, accordingly,
a corresponding code consisting of four numbers
c. ISO is to ensure safe and healthful working conditions for workers by setting
and enforcing standards and by providing training, outreach, education
and assistance.
d. ISO is the process of planning, organizing, leading, and controlling the
activities of an organization in order to minimize the effects of risk on an
organization's capital and earnings
10) All of the statements above about risk management's pre-loss objectives are
correct EXCEPT
a. Prepare for potential losses in the most economical way
b. Reduce anxiety or stress
c. Meet any legal obligations or requirement
d. Managing and negotiating insurance claims
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