Strategic Plans and Risk Management 2 Flashcards
1
Q
Uncertainty
A
Inability to predict the outcome
2
Q
Downside risk
A
something will go wrong
3
Q
Upside risk
A
likely things will go right
4
Q
Pure risk
A
possibility something will go wrong
5
Q
Speculative risk
A
possibility something will go better than expected
6
Q
Risk averse attitude
A
more certain but possibility lower return
7
Q
Risk neutral attitude
A
chosen according to its expected return, irrespective of the risk
8
Q
Risk seeking attitude
A
offering higher level of risk, even if return is lower
9
Q
Gross risk =
A
probability x impact
10
Q
Cyber essentials scheme
A
Access controls Boundary firewalls Malware protection Patch management Secure configuration
