The process that examines risks to determine how likely they are to occur and how severely they will impact the organization if they do occur is:
A. Risk Mitigation
B. Risk Assessment
C. Risk Appetite
D. Risk Response
'Quality is Job One'. This statement could be an example of a ______.
A. Mission
B. Vision
C. Objective
D. Goal
Who is involved in developing the Vision Statement?
A. Senior Management
B. Executive Management and the Board of Directors
C. Line Manager
D. Middle Manager
The term used to describe the extent to which an organization is willing to take risks is:
A. Risk Mitigation
B. Risk Assessment
C. Risk Appetite
D. Risk Response
____________ clearly expands the Vision Statement into positive statements of desired outcomes.
A. Goals
B. Objectives
C. Strategies
D. Mission
The systematic write-off of an asset over its useful life or some other predefined period is called:
A. Gap Analysis
B. ROA
C. ROI
D. Cash Flow
E. Amortization and Depreciation
An Income Statement is a:
A. Summary presentation of revenues less the expenses
B. Expected minimum return on internally invested capital
C. Verifiable assumptions about the future based on history and trend data
Tactical Measures are provided to senior managers to allow them to make appropriate decisions about the organizational status and capabilities.
A. True
B. False
Which of the following measure focuses on "doing the right things"?
A. Employee Measures
B. Efficiency Measures
C. Effectiveness Measures
D. Outcome Measures
Revenue is also referred to as:
A. Bottom Line
B. Top Line
C. Net Before Taxes
D. All of the above
E. None of the above
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