this is a quiz test with true or false with 10 questions from enterprise risk management chapter 15

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QUESTION 1

  1. In developing a Risk Scorecard, the sixth of the six steps is the identification of potential future mitigations and risk indicators.





0.5 points

QUESTION 2

  1. An ERM assists in resource allocation decisions, but conflicts with budgeting models to include results-based budgeting (RBB) models.





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QUESTION 3

  1. In developing a Risk Scorecard, the first of the six steps consists of weighting of goals within the plan that is based on the highest priority for the organization to advance.





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QUESTION 4

  1. The strength of the pm2 model is its robustness that is obtained from the model’s ability to weighting strategic goals and objectives.





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QUESTION 5

  1. Strategic objectives are inclusive of both capital and operating components, which are dealt with in separate operating and capital budget cycles.





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QUESTION 6

  1. Another pm2 model strength is the system’s ability to differentiate between operating and capital items.





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QUESTION 7

  1. In developing a Risk Scorecard, the third of the six steps is the identification of risks to each strategic objective and is scored 1 to 10 in the likelihood category, and 1 to 10 in its impact.





0.5 points

QUESTION 8

  1. In developing a Risk Scorecard, the forth of the six steps is the identification of how current programs contribute to achieving a strategic goal and is scored 1 to 5 in relationship to goal and ineffectiveness in meeting expectations.





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QUESTION 9

  1. In developing a Risk Scorecard, the second of the six steps link strategic objectives to the mission, which then determines how these objectives contribute to goals, and to its degree.





0.5 points

QUESTION 10

  1. In developing a Risk Scorecard, the fifth of the six steps planning future initiatives and is scored 1 to 5 in relationship to strategic objectives.





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