6. Risk management

Question 1

Canard

Answer 1

A false story or piece of information, especially one that is intended as a joke or to make someone stop respecting someone.
“If this canard is repeated often people will believe it’s true”

Question 2

Feel-good guru

Answer 2

Expert or teacher who makes people feel better by telling them what they want to hear.

Question 3

Pit bull

Answer 3

Dog or a person who is very determined and aggressive

Question 4

Whistle-blower

Answer 4

Someone who reports dishonest or illegal activities within an organization to someone in authority

Question 5

Cease and desist order

Answer 5

Phrase an order from lawyer, court or government agency prohibiting a person or company from continuing specific behaviour

Question 6

ERM

Answer 6

Enterprise Risk Management: an approach to optimizing the way a company manages risks

Question 7

Property ladder

Answer 7

Noun houses, with the expectation that a s a person gets richer they can buy more expensive houses “with house prices sky-high I can’t get a foot on the property ladder in my town”

Question 8

Libellous

Answer 8

adjective: legal. Containing written statements about someone that are not true “we sued the magazine for their libellous comments”

Question 9

Opportunity cost

Answer 9

Amount of money that a company loses by deciding to do one thing rather than another

Question 10

Posit

Answer 10

FORMAL to say that something is true or that something should be accepted as true “he posited the basic laws of free market as the basic for company’s policy”