Discuss GAQM ISO-31000-CLA Exam Topic 4 Question 15

Within an organisation, when attempting to manage and control risk, the organisation should be aware that

Aconsideration of risk perception is not required.

Bconsideration should be given to internal controls only.

Cuncertainty must be taken into account

Duncertainty need not be considered.

Suggested Answer: C

Within an organisation, when attempting to manage and control risk, uncertainty must be taken into account4.Uncertainty refers to ''the state, even partial, of deficiency of information related to understanding or knowledge of an event''4and it influences both risks and opportunities.

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14 comments · newest first

Hillary 10 months ago

Internal controls are key, but not the only thing!

Nadine 10 months ago

Totally agree, ignoring it is a bad move.

Geraldine 10 months ago

Uncertainty must definitely be considered!

Lindsey 11 months ago

I thought perception played a role too, interesting!

Matthew 11 months ago

Wait, are you sure uncertainty is that important?

Lovetta 11 months ago

I thought we learned that uncertainty is a key factor in risk management, so D definitely doesn’t sound right.

Janae 11 months ago

I feel like we had a practice question about internal controls, but I can't recall if they were the only focus. B seems too limiting.

Lenny 12 months ago

I’m not really sure, but I think we talked about how risk perception is important. So, A seems wrong to me.

Sunny 12 months ago

I remember discussing how uncertainty plays a big role in risk management, so I think option C makes the most sense.

Kenny 12 months ago

This question is testing our understanding of the fundamental principles of risk management. I'll focus on the importance of considering risk perception and uncertainty, as those seem to be the core concepts being assessed here.

Leslie 1 year ago

I'm a bit confused by the wording of these options. They seem to be presenting quite different perspectives on risk management, but I'm not sure I fully understand the distinctions between them.

Jeannetta 1 year ago

Okay, I think I've got this. The key is to recognize that effective risk management requires considering both internal controls and the broader uncertainty that the organization faces. Option C seems to capture that best.

Howard 1 year ago

Hmm, I'm a bit unsure about this one. The options seem to be contrasting different approaches to risk management, but I'm not totally clear on the nuances between them.

Val 1 year ago

This looks like a straightforward risk management question. I'll focus on the key concepts of risk perception and uncertainty that are mentioned in the options.

GAQM ISO-31000-CLA Exam - Topic 4 Question 15 Discussion