A.To eliminate all recognised risks.

B.To provide the risk manager with a role.

C.To ensure that there are no undiscovered risks.

D.To ensure that recognised risks are adequately managed.

A.The creation of a risk aware culture.

B.Risk management is the responsibility of the risk committee.

C.Consideration of the main risk only which is financial risk.

D.Consideration of risk management in the context of business strategy.

E.A comprehensive and holistic approach to risk management.

A.Environmental concerns could lead to a decrease in the availability of trees to make paper

B.There could be a change in the technology used by consumers, such as smaller mobile phones with smaller screens

C.The terms offered by media companies for film rights for books could change

D.The quality of output from printing presses might improve

E.Budget changes could have an impact on the funding available to college and university libraries

A.Companies in the not-for-profit sector.

B.Companies which have been created by extensive acquisition and merger activity and include divisions engaged in a variety of activities.

C.Companies in which there is extensive investment in physical assets, such as plant and machinery, with divisions which undertake broadly similar activities.

D.Companies in which there is extensive investment in intellectual property and intangible assets, such as brands and trade marks.

A.VaR quantifies past volatility

B.VaR quantifies future volatility

C.VaR can only measure downside risk

D.VaR quantifies the maximum loss that could ever be incurred