题目内容

Section B – TWO questions ONLY to be attempted
The board of YGT discussed its need for timely risk information. The consensus of the meeting was that risk consultants should be engaged to review the risks facing the company. One director, Raz Dutta, said that she felt that this would be a waste of money as the company needed to concentrate its resources on improving organisational efficiency rather than on gathering risk information. She said that many risks ‘didn’t change much’ and ‘hardly ever materialised’ and so can mostly be ignored. The rest of the board, however, believed that a number of risks had recently emerged whilst others had become less important and so the board wanted a current assessment as it believed previous assessments might now be outdated.
The team of risk consultants completed the risk audit. They identified and assessed six potential risks (A, B, C, D, E and F) and the following information was discussed when the findings were presented to the YGT board:
Risk A was assessed as unlikely and low impact whilst Risk B was assessed as highly likely to occur and with a high impact. The activities giving rise to both A and B, however, are seen as marginal in that whilst the activities do have value and are capable of making good returns, neither is strategically vital.
Risk C was assessed as low probability but with a high potential impact and also arises from an activity that must not be discontinued although alternative arrangements for bearing the risks are possible. The activity giving rise to Risk C was recently introduced by YGT as a result of a new product launch.
Risk D was assessed as highly likely but with a low potential impact, and arose as a result of a recent change in legislation. It cannot be insured against nor can it be outsourced. It is strategically important that the company continues to engage in the activity that gives rise to Risk D although not necessarily at the same level as is currently the case.
In addition, Risks E and F were identified. Risk E was an environmental risk and Risk F was classed as a reputation risk. The risk consultants said that risks E and F could be related risks. In the formal feedback to the board of YGT, the consultants said that the company had to develop a culture of risk awareness and that this should permeate all levels of the company.
Required:
(a) Criticise Raz Dutta’s beliefs about the need for risk assessment. Explain why risks are dynamic and therefore need to be assessed regularly. (8 marks)
(b) Using the TARA framework, select and explain the appropriate strategy for managing each risk (A, B, C and D). Justify your selection in each case. (6 marks)
(c) Explain what ‘related risks’ are and describe how Risks E and F might be positively correlated. (5 marks)
(d) The risk consultants reported that YGT needed to cultivate a culture of risk awareness and that this should permeate all levels of the company.
Required:
Explain and assess this advice. (6 marks)

查看答案
更多问题

车轮踏面的圆周磨耗,在距轮缘内侧()mm处的踏面测定。

A. 135
B. 70
C. 50
D. 22

简要回答导致法定代理权消灭的情形。

钩体磨耗深度应不大于()mm。

A. 3
B. 4
C. 5
D. 6

关于特别程序的表述,下列选项中正确的是()。

A. 适用特别程序审理的案件都是采取合议制
B. 起诉人或申请人与案件都有直接的利害关系
C. 适用特别程序审理的案件都是一审终审
D. 陪审员不参加适用特别程序案件的审理

答案查题题库