GAQM ISO-IEC-LI Exam - Topic 1 Question 83 Discussion

Actual exam question for GAQM's ISO-IEC-LI exam

Question #: 83
Topic #: 1

You are the owner of the courier company SpeeDelivery. You have carried out a risk analysis and now want to determine your risk strategy. You decide to take measures for the large risks but not for the small risks. What is this risk strategy called?

ARisk bearing

BRisk avoiding

CRisk neutral

DRisk passing

Show Suggested Answer

Suggested Answer: C

by Meghann at Sep 18, 2024, 05:01 AM

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Yasuko

5 months ago

Yeah, I learned this in my finance class too!

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Coral

6 months ago

I thought we should manage all risks, big or small.

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Mayra

6 months ago

Wait, are we sure it's not risk passing?

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Denise

6 months ago

Totally agree, that's the right term!

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Laurel

6 months ago

It's called risk bearing!

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Dyan

7 months ago

I recall that risk passing usually involves transferring the risk to another party, so that doesn't seem right for this scenario.

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Crista

7 months ago

This question feels similar to one we practiced on risk management strategies. I think the answer could be risk neutral, but I could be wrong.

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Sena

7 months ago

I'm not entirely sure, but I remember something about risk avoidance being more about eliminating risks altogether.

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Amber

7 months ago

I think this might be related to risk bearing since it involves accepting some risks while managing others.

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Tesha

7 months ago

I think the key here is that we're not taking measures for the small risks, which means we're accepting or "bearing" those risks. So the correct answer must be risk bearing. It's a good strategy to use when you can handle the smaller risks but need to focus on the larger ones.

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Paz

7 months ago

I'm a little confused by the wording of this question. What exactly is the difference between risk bearing and risk passing? I want to make sure I have the right strategy in mind before I answer.

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Rodrigo

7 months ago

Hmm, I'm a bit unsure about this one. I'll have to think it through carefully. Is it risk bearing or risk passing? I need to make sure I understand the difference between those two strategies.

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Aileen

7 months ago

This seems like a straightforward question. I think the answer is risk bearing, where you take measures for the large risks but not the small ones.

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Tijuana

7 months ago

Okay, let me see if I can break this down. The question says we're taking measures for the large risks but not the small ones. That sounds like we're accepting the small risks, so the answer must be risk bearing. I'm feeling pretty confident about this one.

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Kimberely

7 months ago

This question seems straightforward - it's asking about the advantages and potential problems of management participation in budget setting. I think I can handle this one.

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Daniel

2 years ago

Seriously, who comes up with these exam questions? I'm going to go with A) Risk bearing. Seems like the most reasonable option.

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Margery

2 years ago

I'm going with A) Risk bearing as well. It's better to address the big risks first.

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Alana

2 years ago

I disagree, I think it's C) Risk neutral. We shouldn't ignore any risks, big or small.

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Wava

2 years ago

I think it's A) Risk bearing too. It makes sense to focus on the large risks.

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Cordie

2 years ago

Ha! Maybe they should call it the 'I don't wanna deal with this' strategy. Anyway, I'm picking C) Risk neutral.

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Mayra

2 years ago

I'm going to go with D) Risk passing. Isn't that where you, like, pass the risk on to someone else?

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Lemuel

2 years ago

No, it's not A. It's D) Risk passing. You're right about passing the risk on to someone else.

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Pilar

2 years ago

I think it's actually A) Risk bearing. That's when you accept and manage the risk yourself.

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Martin

2 years ago

Yes, that's correct. Risk passing means transferring the risk to another party.

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Selma

2 years ago

Oh, I see. So Risk avoiding is the strategy of not taking on the risk at all. Thanks for clarifying.

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Xenia

2 years ago

Actually, the correct answer is B) Risk avoiding. It means taking measures to avoid the risk altogether.

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Abel

2 years ago

I think I would choose A) Risk bearing. It sounds like taking on the risk yourself.

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Walker

2 years ago

Yes, that's correct. Risk passing means transferring the risk to another party.

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Shanice

2 years ago

That makes sense, but I still think it's A) Risk bearing because we are bearing the large risks.

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Carma

2 years ago

Hmm, I was a bit unsure, but I'm going with B) Risk avoiding. That seems to align with the strategy described.

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Youlanda

2 years ago

I think the correct answer is A) Risk bearing. It makes sense to take measures for the large risks but not for the small ones.

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Arlette

2 years ago

Definitely, prioritizing the large risks is key for the company's success.

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Carlee

2 years ago

I agree, it's all about managing the most critical risks.

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Evelynn

2 years ago

Yeah, that makes sense. It's important to focus on the big risks.

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Blossom

2 years ago

I think the correct answer is A) Risk bearing.

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Aleta

2 years ago

I disagree, I believe it's B) Risk avoiding because we are avoiding small risks.

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Shanice

2 years ago

I think the answer is A) Risk bearing.

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