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You are the lead auditor 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?
Suggested Answer: A
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47 comments · newest first
AR
Armando
11 months ago
Just to clarify, risk bearing is the right term here.
GO
Goldie
11 months ago
I thought risk avoidance meant not taking any risks at all.
TE
Tequila
11 months ago
Wait, are you sure it's not risk skipping? Sounds like it could be!
LA
Laurel
12 months ago
Totally agree, that's definitely risk bearing!
BU
Buddy
12 months ago
It's called risk bearing when you take on large risks but ignore the small ones.
CA
Cassi
12 months ago
I vaguely recall something about risk skipping, but it doesn't seem like a standard term. I think it's more about managing risks rather than ignoring them.
CH
Chaya
1 year ago
This sounds similar to a practice question I did about prioritizing risks. I think the answer could be risk neutral, but I'm not completely confident.
JE
Jenise
1 year ago
I'm not entirely sure, but I feel like risk avoidance would mean not taking any risks at all, which doesn't fit here.
BR
Brendan
1 year ago
I remember studying risk strategies, and I think this might be related to risk bearing since it involves accepting some risks.
VA
Vallie
1 year ago
I've got this! The risk strategy they're describing is called risk bearing. You take measures for the big risks but not the small ones. I'm confident that's the right answer.
KI
Kiley
1 year ago
I think the key is understanding the difference between the various risk management strategies. If they're only addressing the large risks, that sounds like a particular approach, but I'll need to double-check my notes to be sure.
CH
Cherry
1 year ago
Okay, let me see. They're talking about addressing large risks but not small ones. That sounds like a specific risk strategy, but I can't quite remember the term for it.
VA
Valentine
1 year ago
Hmm, I'm not entirely sure about the terminology they're using. I'll have to think this through carefully.
KA
Kattie
1 year ago
This seems like a straightforward risk management question. I'm pretty confident I know the right approach here.
SU
Sue
1 year ago
I'm a bit confused by the different storage repository options. I'll need to review the Citrix documentation to understand the pros and cons of each one before deciding.
WY
Wynell
1 year ago
I'm pretty confident that 'w+' is the way to go here. It gives me the functionality I need to read, write, and create the file if necessary. The question is asking for a specific solution, and I think option C is the best fit.
OL
Olive
1 year ago
I'm unsure... could it be the sequence number? But that seems too low for a sequence number.
JA
Janna
1 year ago
I remember a practice question similar to this one where we discussed the number of controllers needed for redundancy. It was a bit more complicated, though.
LA
Lashaunda
1 year ago
I can't believe 'Risk skipping' is even an option. That's like the opposite of what a responsible auditor should do! I'm definitely choosing B.
AL
Allene
1 year ago
User 4: Yeah, that makes more sense for a responsible auditor.
AD
Adelina
1 year ago
User 3: I think the correct answer is B) Risk avoidance.
CL
Clement
1 year ago
User 2: I agree, that doesn't sound responsible at all.
OZ
Ozell
1 year ago
User 1: I can't believe 'Risk skipping' is even an option.
CH
Chan
1 year ago
Ooh, this is a tricky one! I'm torn between A and B, but I think I'll go with A, 'Risk bearing'. It just seems to fit the description better.
BR
Brittni
1 year ago
I think it's 'Risk bearing' too, it makes sense to focus on the large risks.
BA
Barney
1 year ago
I'm not sure, but I think it might be 'Risk avoidance'.
AN
Angelo
1 year ago
I agree with you, I also think it's 'Risk bearing'.
PH
Phung
1 year ago
Haha, 'Risk skipping'? Really? That doesn't sound like a real risk strategy to me. I'm going with B, 'Risk avoidance'.
LU
Lucia
1 year ago
User 3: Definitely, better safe than sorry.
CR
Cristina
1 year ago
User 2: I agree, it makes sense to avoid the big risks.
HE
Herman
1 year ago
User 1: I think the risk strategy is called 'Risk avoidance'.
DE
Delsie
1 year ago
Hmm, I'm not so sure. I was thinking 'Risk avoidance' might be the correct answer, as it seems like the company is trying to avoid dealing with the smaller risks.
AD
Adolph
1 year ago
C) Risk neutral
CR
Craig
1 year ago
B) Risk avoidance
HE
Heike
1 year ago
D) Risk skipping
CA
Carrol
1 year ago
C) Risk neutral
RE
Rebecka
1 year ago
B) Risk avoidance
ER
Erick
1 year ago
A) Risk bearing
FR
Francene
1 year ago
A) Risk bearing
ET
Ettie
2 years ago
But if you only take measures for large risks and not for small risks, it's more about bearing the risk rather than avoiding it.
BA
Barabara
2 years ago
I think option A, 'Risk bearing', sounds like the right choice here. It makes sense to take measures for the large risks but not the small ones.
CA
Caitlin
1 year ago
I think 'Risk bearing' is the most practical strategy for SpeeDelivery.
SH
Sheridan
1 year ago
Risk avoidance doesn't seem like the right approach for our company.
SH
Shawnee
1 year ago
I think we should focus on managing the big risks and not waste time on the small ones.
CA
Carol
2 years ago
I agree, option A, 'Risk bearing', is the best choice for our strategy.
TO
Toi
2 years ago
I disagree, I believe the answer is B) Risk avoidance.
ET
Ettie
2 years ago
I think the answer is A) Risk bearing.