TRUE / FALSE
1. The optimum size for a brainstorming session is 20-25 people and the ideal time is 2-3 hours.
2. An Audit Committee of the Board of Directors manages the daily financial transactions of the business.
3. A risk management plan is a document that foreseeks risk, estimates the effectiveness of risk, and creates a plan to mitigate them.
4. Lloyds of London is a firm that sells insurance that mitigates a customers risk.
MULTIPLE CHOICE
5. The key components of a program management includes which of the following:
a. Organizational management
b. Capital budgeting technique application
c. Resource maximization
d. Time-series analysis
e. Monte Carlo Simulation
6. Define what a risk management plan is, its purpose, key elements, and how it helps an organization mitigate risk. (250 maximum)
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