Exercise:
  Which of the following is not one of the four basic steps in a building a good risk management system, according to the IFC?
  Step One: Make an inventory of possible risk.
  Step Two: Hire strictly rational risk managers, who lack cognitive biases, avoid qualitative – and semi-qualitative estimates, and who will develop a risk program that is independent of the company’s size and strategy.
  Step Three: For the risk(s) to be hedged, select appropriate risk-hedging products and decide how to manage and monitor retained risks.
  Step Four: Determine the risk dimensions that provide an advantage over the competitors and select an organizational structure suitable for risk taking.
  A.Step one
  B.Step two
  C.Step three
  D.Step four
  Answer: B
  Step Two: Measure and decide which risks to hedge, avoid, or retain based on impact on the value of the enterprise.
  相關(guān)知識(shí)點(diǎn): Basic Steps in Building a Good Risk Management System
  Step 1: Make an inventory of possible risk.
  Step 2: Measure and decide which risks to hedge, avoid, or retain based on impact on the value of the enterprise.
  Step 3: For the risk(s) to be hedged, select appropriate risk-hedging products and decide how to manage and monitor retained risks.
  Step 4: Determine the risk dimensions that provide an advantage over the competitors and select an organizational structure suitable for risk taking.
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