Chapter 1 - Risk Flashcards
1
Q
Speculative Risk
A
Good outcomes
2
Q
Pure risk
A
Bad outcomes only
3
Q
CIMA Risk Cycle (6 steps)
A
- Identify risks
- Understand scale
- Develop risk strategy
- Implementation
- Control and Monitoring
- Review
4
Q
Risk categories
A
Political and Legal
Business risks - operational risks
Financial risks - currency, gearing, interest rates
Reputational
