WGU CRM 301 CHAPTER 1 EXAM 73 QUESTION
WITH VERIFIED ANSWERS 2025/2026
Supply-chain risk - CORRECT ANSWER Catastrophes such as recent earthquakes
and the 2011 tsunami in Japan pointed out a need for many organizations to
evaluate and manages their
Negative - CORRECT ANSWER The traditional definition of risk management
reflects the traditional concept of risk as
The definition of risk has evolved to include positive as well as negative attributes
- CORRECT ANSWER Which one of the following statements is true regarding the
evolution of risk and risk management?
Attracting investor interest - CORRECT ANSWER Which one of the following is a
positive risk for a start-up business?
Hazard risks - CORRECT ANSWER Which one of the following types of risks can
result in losses but not in any gains?
Risk management - CORRECT ANSWER The process of making and implementing
decisions that enable an organization to optimize its level of risk is called
Hazard risk - CORRECT ANSWER Another name for pure risk is
, Hazard risk - CORRECT ANSWER Risks from accidental loss, including the possibility
of loss or no loss defines
Hazard risk - CORRECT ANSWER One of the levels of risk a business faces is the risk
of accidental loss, including the possibility of loss or no loss. This category of risk is
Risk has different meanings within risk management and insurance communities -
CORRECT ANSWER Don is the Risk Manager for Rafferty Corporation. One of his
peers, Sally, asks him one day, "How do you define risk?" When Don replies, which
one of the following statements is accurate?
The Dodd-Frank Act of 2010 - CORRECT ANSWER Which one of the following
requires that financial bank holding companies and certain other public
companies have a risk committee and at least one member of the committee
must be a risk-management expert?
Systemic risk - CORRECT ANSWER There has been a movement in both the US and
internationally to help organizations improve their risk-management practices.
Economists believe that risk management must expand to address which one of
the following?
Systemic risk - CORRECT ANSWER The Dodd-Frank Act, Solvency II, and Basel III all
have the purpose of reducing
Cost of risk - CORRECT ANSWER The total cost incurred by an organization
because of the possibility of accidental loss is the organization's
WITH VERIFIED ANSWERS 2025/2026
Supply-chain risk - CORRECT ANSWER Catastrophes such as recent earthquakes
and the 2011 tsunami in Japan pointed out a need for many organizations to
evaluate and manages their
Negative - CORRECT ANSWER The traditional definition of risk management
reflects the traditional concept of risk as
The definition of risk has evolved to include positive as well as negative attributes
- CORRECT ANSWER Which one of the following statements is true regarding the
evolution of risk and risk management?
Attracting investor interest - CORRECT ANSWER Which one of the following is a
positive risk for a start-up business?
Hazard risks - CORRECT ANSWER Which one of the following types of risks can
result in losses but not in any gains?
Risk management - CORRECT ANSWER The process of making and implementing
decisions that enable an organization to optimize its level of risk is called
Hazard risk - CORRECT ANSWER Another name for pure risk is
, Hazard risk - CORRECT ANSWER Risks from accidental loss, including the possibility
of loss or no loss defines
Hazard risk - CORRECT ANSWER One of the levels of risk a business faces is the risk
of accidental loss, including the possibility of loss or no loss. This category of risk is
Risk has different meanings within risk management and insurance communities -
CORRECT ANSWER Don is the Risk Manager for Rafferty Corporation. One of his
peers, Sally, asks him one day, "How do you define risk?" When Don replies, which
one of the following statements is accurate?
The Dodd-Frank Act of 2010 - CORRECT ANSWER Which one of the following
requires that financial bank holding companies and certain other public
companies have a risk committee and at least one member of the committee
must be a risk-management expert?
Systemic risk - CORRECT ANSWER There has been a movement in both the US and
internationally to help organizations improve their risk-management practices.
Economists believe that risk management must expand to address which one of
the following?
Systemic risk - CORRECT ANSWER The Dodd-Frank Act, Solvency II, and Basel III all
have the purpose of reducing
Cost of risk - CORRECT ANSWER The total cost incurred by an organization
because of the possibility of accidental loss is the organization's
