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CMA Part 2 Section D

CMA Part 2 Section D

Part 2

Section D

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Question 1 of 5

1. Question

A company that prides itself on its innovation revised an existing popular brand without conducting sufficient market research. By taking this action, the company exposed itself to what types of risk?

Credit risk and strategic risk.
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Hazard risk and credit risk.
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Operational risk and hazard risk.
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Strategic risk and operational risk.
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Question 2 of 5

2. Question

A German clothing retailer sells its products mainly online to customers worldwide. Company management believes that its primary risk relates to problems with its online website. A secondary risk is exchange rate volatility. Which one of the following best categorizes the company’s primary risk and secondary risk?

Strategic risk, financial risk.
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Hazard risk, operational risk.
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Operational risk, hazard risk.
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Operational risk, financial risk.
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Question 3 of 5

3. Question

When implementing a continuous enterprise risk management process, what step should an organization take first?

Control previously identified risks.
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Establish a risk management budget.
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Establish its strategy and objectives.
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Monitor and communicate results.
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Question 4 of 5

4. Question

A rice farmer has decided to protect against possible price fluctuations at the time of harvest by purchasing some rice options. What type of risk response strategy has the rice farmer engaged in?

Avoidance.
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Reduction.
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Sharing (transfer).
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Acceptance.
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Question 5 of 5

5. Question

Even though a company implements an enterprise risk management program, it still is likely to have risk. This risk is considered

tolerable risks.
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inherent risks.
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residual risks.
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uninsurable risks.
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