When Evaluating Risks in Accordance with the Australian Risk Management

question 2

Multiple Choice

When evaluating risks in accordance with the Australian Risk Management Standard AS/NZS ISO 31000, what is the order of steps that it is recommended be undertaken?

• A)Identify risks, analyse risks, evaluate risks, treat risks.
• B)Identify risks, analyse risks, treat risks, evaluate risks.
• C)Identify risks, evaluate risks, treat risks, analyse risks.
• D)Identify risks, evaluate risks, analyse risks, treat risks.

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Definitions:

Common Areas

Areas that are used by all tenants.

Office Building

A structure designed and utilized primarily for the purpose of providing workspaces and offices for businesses and professionals.

Residential Apartment

A housing unit in a building or property, intended for use as a dwelling place by individuals or families.

Tenancy-at-Sufferance

A situation where a tenant remains in possession of property after the expiration of the lease, without the consent of the landlord.