The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).
Which of the following are COSO key principles?
KLtdisan on-line travel agency specialising in budget package holidays to a small number of popular locations. The holidays that it sells are made up of a "package" of flights, hotel accommodation and food. K Ltd's Finance Director is concerned that the company'sscope of operation is too narrow and wishesto diversify.
IdentifyTWOactions that K Ltdshould take immediately.
A hospitalis part of a government provided health service which is free to patients. The management of the hospitalisconcerned with the need to minimise the risks to which the hospital is exposed from patient litigation.
In this context, which TWO of the following are appropriate steps to manage this risk?
Dis a large oil refinery.
The managers have identified four risks shown in the risk map below:
Which of the risk mitigationslisted below would be the best for dealing with the two risks classified as medium likelihood and high impact?
