FF - FINANCE - 6 QUESTIONS - DUE IN 2 HOURS

TRUE / FALSE

1. The optimum size for a brainstorming session is 20-25 people and the ideal time is 2-3 hours. 

2. An Audit Committee of the Board of Directors manages the daily financial transactions of the business.

3. A risk management plan is a document that foreseeks risk, estimates the effectiveness of risk, and creates a plan to mitigate them.

4. Lloyds of London is a firm that sells insurance that mitigates a customers risk.  

MULTIPLE CHOICE

5. The key components of a program management includes which of the following:

a. Organizational management

b. Capital budgeting technique application

c. Resource maximization

d. Time-series analysis

e. Monte Carlo Simulation

6. Define what a risk management plan is, its purpose, key elements, and how it helps an organization mitigate risk. (250 maximum)