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ISO 31000 is built on 11 guiding principles. Identify THREE of these.
Suggested Answer: A
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The correct answers are as follows:
CSR= Corporate Social Responsibility
28 comments · newest first
IS
Isadora
11 months ago
Only including affected departments? That doesn't sound right at all.
OC
Octavio
11 months ago
Totally agree, addressing uncertainty is key!
FR
Franklyn
12 months ago
Wait, does it really say risk management should be done annually? That seems off.
GE
Gertude
12 months ago
I think company culture is super important too!
CH
Cheryl
1 year ago
Risk management can create value is definitely one of them!
KA
Kathrine
1 year ago
I’m pretty sure risk management should be done annually is not one of the guiding principles. It feels too rigid compared to what we learned.
ZO
Zona
1 year ago
I feel like addressing uncertainty faced by the organization was mentioned in a practice question we did last week. That one seems familiar!
CA
Carey
1 year ago
I remember discussing how risk management should consider company culture in our study group. It seems important, but I can't recall if it was one of the principles.
JO
Jody
1 year ago
I think one of the principles is that risk management can create value, but I'm not entirely sure if that's the exact wording.
IR
Ira
1 year ago
The ISO 31000 principles are really important, so I want to make sure I get this right. I'll review the key ones I remember, like risk management creating value and addressing uncertainty, and then try to identify a third one that seems important.
SA
Sarah
1 year ago
I'm a bit unsure about this one. I know the principles cover things like risk management creating value and addressing uncertainty, but I'm not totally sure what the other key ones are. I'll have to think it through carefully.
AR
Arlen
1 year ago
Okay, I know risk management should create value, address uncertainty, and take into account company culture. Those seem like good options to choose from.
NO
Novella
1 year ago
Hmm, I remember there are 11 principles, but I'm having trouble recalling them all. I'll try to pick out the ones I'm most confident about.
PA
Paz
1 year ago
I'm pretty familiar with the ISO 31000 principles, so I think I can handle this. Let me think through the key ones...
DA
Dana
1 year ago
Risk management done annually? That's like cleaning your house once a year. A, B, and C are the real principles.
JO
Josephine
1 year ago
Haha, annual risk management? What is this, a corporate comedy show? A, B, and C for sure.
BO
Boris
1 year ago
Definitely A, B, and C. D and E don't sound quite right.
SH
Sherell
1 year ago
Addressing uncertainty is a key aspect of risk management.
JA
Jacob
1 year ago
It's important to consider company culture in risk management.
JO
Jose
1 year ago
D and E are not part of the guiding principles of ISO 31000.
DE
Devorah
1 year ago
I agree, A, B, and C are the correct principles to follow.
LA
Lashandra
2 years ago
A, B, and C seem to be the correct principles. I'm not sure about D and E though.
VA
Val
1 year ago
Let's focus on implementing the ones we know are correct.
ES
Essie
1 year ago
I agree, D and E don't seem to align with the principles.
BE
Belen
1 year ago
I think A, B, and C are the correct principles.
TE
Temeka
2 years ago
I believe D and E are also important, as they ensure regular review and involvement of all departments.
JE
Jettie
2 years ago
I agree with Santos, those principles make sense for effective risk management.
SA
Santos
2 years ago
I think the guiding principles are A, B, and C.