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FEMA IS-454: Fundamentals of Risk Management Answers

1. Which of the following best describes the role of risk communications in risk management?


2. Which of the following best defines risk management?


3. Why is it important to understand the risk perceptions of others when planning for communication in the risk management process?


4. In the case of a hurricane making landfall near Miami, what would be the associated likelihood and consequences?


5. As portrayed in the Risk Management Cycle, which of the following best describes the factors considered when performing a risk assessment?



6. What is risk?



7. Which can benefit from the conscientious application of risk management principles and processes?



8. At what step in the DHS Risk Management Cycle should you first consider the goals and objectives being pursued, the policies and standards of your organization, and the scope and criticality of the risk management decision being made?



9. Which statement best describes the effect of risk perception on decision-making?


10. Potential negative consequences of a certain risk are estimated to cost no more than fifty thousand dollars and there is no likelihood of injuries or death related to the risk. Deciding to spend millions of dollars to manage this risk would violate which risk management principle?



11. When dealing with a risk such as the threat of an explosive device being brought into the United States Capitol Building, what would be the most logical risk management strategy?



12. Which risk management principle recognizes that risk management cannot eliminate all uncertainty nor be reasonably expected to identify all risks and their likelihood and consequences?


13. When identifying potential risks, which source of information would work best for known hazards that occur somewhat frequently, such as hurricanes on the Gulf Coast?



14. What term is defined as the subjective beliefs and/or judgment about the characteristics and/or severity of risk?


15. In the workplace and elsewhere, what is one of the most common and valuable uses of risk management?


16. Which of the following best describes the DHS Risk Management Cycle?


17. When communicating risk, what should be done to maintain trust if new information is not consistent with what you’ve said in the past?


18. Which risk management strategy involves the decision to either completely remove the sources of a particular risk or removing the organization or individual, themselves, from the risk?


19. Which of the following is NOT a valid consideration when developing and evaluating risk management alternatives?


20. Which is the best example of how an average citizen can contribute to homeland security risk management in the community?


21. Which of the following would be most helpful toward ensuring effective emergency communications


22. Which of the following is an accurate statement about the value of risk management?


23. Which of the following is an accurate statement regarding risk management concepts?



24. Which of the following would be an example of ineffective risk communication?


25. What would most likely influence someone to choose “risk acceptance” as a strategy to manage a given risk?