FIN 415 Final Exam PLEASE DOWNLOAD THE ANSWERS HERE!!! 1 The art of risk management is to identify risks specific to an organization and to respond to them in an appropriate way. 2 All levels of an organization do not need to be included in the management of risk in order for it to be effective. 3 Qualitative Risk Analysis Techniques seek to compare the relative significance of risk facing a project in terms of the effect of their occurrence on the project outcome. 4 Quantitative techniques are used when the likehood of the investment or project achieving its objectives with time and budget is required. 5 A forward exchange contract requires delivery at a specified future date of one currency for a specific amount of another currency. 6 Risk tolerance is the degree that one is willing to risk losing some of his original investment in exchange for a chance to earn a higher return. Our new start up company has created a new product that we think we do a fantastic job, but our job as risk managers is to calculate what could happen if things do not work out. What is the expected value of profits in the following scenario: 1. Which of the following best describes risk management? 2. Which of the following are soft benefits of risk management? 3 What is the Delphi technique? 4 Which of the following are tools to manage risk? 5 Risk management is an essential part of the project and business planning cycle which requires which of the 6 Market risk refers to: 7 The proposed risk management assessment system will do all of the following, except: 8 Key components of program management include which of the following: 9 Which of the following are outputs of risk identification 10 Country risk analysis involves assessing which of the following? 11 Monte Carlo simulation does which of the following? 12 Which of the below is the best definition of business risk? Define what a risk management plan is, its purpose, key elements, and how it helps an organization mitigate risk. FIN 415 Final Exam PLEASE DOWNLOAD THE ANSWERS HERE!!!