College for Research and Technology

FINAL EXAMINATION

GENERAL DIRECTIONS: Read and follow the directions carefully.

I.IDENTIFICATION: Identify the following statement given below. Write and answer
with CAPITAL LETTERS.

1. He is the founder of Facebook, once said, “The biggest risk is not taking any
risk.- MARK ZUCKERBERG
2. The first step to creating your risk assessment plan. –IDENTIFY THE HAZARDS
3. The workplace should formulate a plan to fulfil its safety and health policy as set
out in the Safety Statement.- PLANNING
4. It monitor the design, development, installation and operation of management
arrangements, safety systems and workplace precautions.- ACTIVE SYSTEMS
5. It monitor accidents, ill health, incidents and other evidence of deficient safety
and health performance.- REACTIVE SYSTEMS
6. should collect information to investigate the causes of substandard performance
or conditions adequately- ACTIVE MONITORING
7. A system of internal reporting of all accidents. – REACTIVE MONITORING
8. It is generally identified through performance appraisal. –INDIVIDUAL NEEDS
9. It is named after a person who created it, an Ishikawa diagram allows you to
breakdown a problem and identify the component parts.-ISHIKAWA DIAGRAM
10. It is a diagram that branches in different directions.- DECISION TREE
11.It is another way of bringing subject matter experts together to help with risk
management.- WORKSHOPS
12. These include the emergence of disruptive technologies. – COMPETITIVE RISKS
WITH MEDIUM TERM IMPACT
13. The financial services industry poses a unique challenge because of the volatile
dynamics.- EMBEDDED EXPERTS
14.It requires another approach because companies cannot prevent such events
from occurring, their management must focus on identification.- EXTERNAL
RISKS
15.A company voluntarily accepts some risk in order to generate superior returns
from its strategy.- STRATEGY RISK
16.These are internal risks, arising from within the organization, that are
controllable and ought to be eliminated or avoided.- PREVENTABLE RISKS
17. The workplace should prepare an occupational safety and health policy
programed as part of the preparation. –POLICY AND COMMITMENT
18.For effective implementation, organizations should develop the capabilities and
support mechanisms necessary to achieve the safety and health policy.-
IMPLEMENTATION AND OPERATION
19. SWOT stands for Strength, Weakness, Opportunity and ________. –THREAT
20. It refers to how close to the current date the risk is.- PROXIMITY
21. It is a method for mitigating risk by not participating in activities that may incur
injury, sickness, or death. - AVOIDANCE
22. It is the acknowledgment and acceptance of a risk as a given. RETENTION
23.It is a risk is often implemented through employer-based benefits that allow the
company to pay a portion of insurance premiums with the employee. –SHARING
24.It is the use of health insurance is an example of transferring risk because the
financial risks associated with health care are transferred from the individual to
the insurer.- TRANSFERRING
25. This method of risk management attempts to minimize the loss, rather than
completely eliminate it.- LOSS PREVENTION AND REDUCTION
26. It is an event that is capable of impeding procurement from achieving functional
and business objectives. –RISK
27. This is the process where procurement recognizes the risk and seeks to
minimize the probability of occurrence and impact. – RISK MANAGEMENT
PROCESS
28. _______ the risk and source.- IDENTIFY
29.Establish probability of________. – OCCURRENCE
30. Evaluate ________ of occurrence. – IMPACT
31. ________ risk reduction options.- INVESTIGATE
32. Deploy mitigating _______ and monitor against plan.- STRATEGIES
33. Procurement recognizes the risk and it is deemed too risky to proceed and
terminated.- TERMINATE
34. This is usually after the risk has been identified and it is established. –
TOLERATE
35.Procurement recognizes the likelihood of occurrence and impact to supply and
actively manages the risk by implementing mitigating strategies.- TREAT
36. It is an important element in risk management and it is crucial to an effective
risk management process.- RISK REGISTER
37. Every risk needs to be eliminated or contained as much as possible. – TREAT
THE RISK
38. Employees driving to and from work produce a substantial amount of air
pollution.- TRAVEL LESS
39. It is defined as the measure of human demand on nature and compares
human consumption of natural resources with earth’s ecological capacity to
regenerate them. – ECOLOGICAL FOOTPRINT
40. Your environmental footprint goes beyond energy use and your business. –
REDUCE, REUSE, RECYCLE