Management of Risk MCQ (Multiple Choice Questions) PDF Download

If the decision maker's information is not so complete, then the decision making is under the conditions of

1. Risk
2. Failure
3. Uncertainty
4. Minimum Cost

Risk analysis describes the nature of the problem but doesn't

1. Remove the ambiguity
2. Provides techniques
3. Reduce the uncertainty
4. Both A and C

There is no way to solve problems under uncertainty without altering the

1. Data flow of the problem
2. Cash flow of the problem
3. Decision making abilities
4. Nature of the problem

The term that describes uncertainties in a way that provides the decision maker with a useful insight into the nature is called

1. Flow analysis
2. Risk analysis
3. Data analysis
4. Computation analysis

The output of any decision depends on what the decision makers does and

1. Nature
2. Cash flows
3. Timing
4. Actions