Management of Risk MCQ with Answers PDF Download eBook

MCQ: 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

MCQ: 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

MCQ: 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

MCQ: 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

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

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