Resilience Questionnaire

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Executive Programme for Resilience and Risk Management

Resilience Assessment Questions

Welcome to the Candidate Questionnaire for the Executive Programme for Resilience and Risk Management.

This questionnaire helps us learn more about your background, as well as to assess your understanding of resilience, risk management, crisis management, and business continuity. Your answers will help us ensure that the programme is a good fit for you and that you'll benefit fully from the experience.

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Risk Management (10 Questions)

1. What is the primary objective of risk management?

Eliminate all risks Identify and minimize potential risks Transfer all risks to third parties Ignore low-level risks

2. Which of the following is a key step in the risk management process?

Crisis communication Risk identification Project execution Staff training

3. What does a ‘risk appetite’ refer to?

The amount of risk an organization is willing to accept A method of calculating risks The appetite for financial gain in risk decisions A document used to define risk strategies

4. Which of the following is considered a financial risk?

Cyberattack Currency fluctuation Natural disaster Employee strike

5. What is the purpose of a risk register?

To eliminate all risks To identify risks and mitigation strategies To increase the impact of risks To track financial expenses

6. Which risk management strategy focuses on reducing the likelihood or impact of a risk?

Risk avoidance Risk mitigation Risk transfer Risk exploitation

7. Which of the following is NOT a typical risk response strategy?

Avoid Transfer Ignore Accept

8. What type of risk is associated with changes in government policies?

Financial risk Political risk Operational risk Market risk

9. Which of the following is a qualitative risk assessment tool?

Monte Carlo simulation Risk Heat Map Value at Risk (VaR) Beta Coefficient

10. The first step in the risk assessment process is:

Risk mitigation Risk evaluation Risk identification Risk control

Crisis Management (8 Questions)

11. What is the main goal of crisis management?

To predict all crises To handle crises after they occur To prevent crises from happening To mitigate the impact and manage response to crises

12. Which of the following is a key element in an effective crisis management plan?

Avoiding all media communication Identifying stakeholders Prioritizing revenue generation Minimizing staff training

13. Who should lead the crisis response team in an organization?

The CEO A designated crisis manager or team leader The head of HR The legal department

14. Which of the following is NOT a phase of the crisis management process?

Pre-crisis Crisis response Crisis negotiation Post-crisis

15. In crisis communication, what is the most important principle?

Delaying communication to gather more information Being transparent and timely Avoiding admitting fault Only responding when asked by stakeholders

16. What is the first action to take when a crisis is detected?

Inform the media Activate the crisis management plan Start an investigation Fire employees responsible

17. What is a critical component of a post-crisis review?

Focusing on success only Identifying weaknesses and learning lessons Avoiding any discussion of failures Penalizing responsible individuals

18. Crisis simulations are used to:

Teach employees about financial management Test the effectiveness of crisis response plans Delay the response to crises Replace real-world crisis response

Business Continuity (7 Questions)

19. What is the primary purpose of a Business Continuity Plan (BCP)?

To maximize profit To ensure critical business functions continue during disruptions To train employees in risk management To communicate with shareholders

20. Which of the following is a key component of a business continuity plan?

Financial risk assessment IT security audit Business impact analysis Shareholder communication

21. What does ‘RTO’ stand for in business continuity planning?

Real-Time Operations Recovery Time Objective Risk Transfer Objective Resilience Training Outcome

22. Which of the following should be included in a business continuity plan?

Press release templates A list of critical suppliers Marketing strategies Profit and loss statements

23. The main objective of conducting a Business Impact Analysis (BIA) is to:

Identify the impact of risks on profit margins Identify critical functions and potential impacts of disruptions Reduce company costs Improve employee performance

24. What is an alternate worksite in the context of business continuity?

A secondary office used during normal operations A backup location used when the primary site is unavailable A training facility A recreational facility

25. What is the most important outcome of successful business continuity planning?

Financial gain Faster product development Uninterrupted critical business functions during a crisis Increased marketing potential

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