A Robust Risk Management System Will Not

question 43

Multiple Choice

A robust risk management system will not

• A)understand the risks that face it
• B)decide whether risks are acceptable to bear
• C)make sure that risk managers have covered their backs so that nobody can accuse them of errors
• D)consider the likelihood of risks materialising

---

Definitions:

Social-Cognitive Theory

A framework for understanding, predicting, and changing human behavior that emphasizes the interplay between personal, behavioral, and environmental influences.

Punished

Subject to a penalty or sanction for an offense or wrongdoing.

Rewarded

The process or act of receiving a benefit, recognition, or reinforcement for one's actions or behavior, often used in the context of behaviorist theories of learning.

Internally Motivated

Driven by internal rewards, such as personal satisfaction, rather than external rewards like money or status.