ACCA 2026 BT Business Management Business Risk Free Quiz 2

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ACCA 2026 BT Business Management Business Risk Free Quiz 2

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ACCA 2026 BT Business Management Business Risk Free Quiz 2

Practice ACCA 2026 BT Business Management MCQs from Business Risk. Get instant results with Explanation.

General10 MCQs

1. What is inflation risk?

A. Inflation risk is the risk of declining purchasing power of moneyB. Inflation risk is the same as interest rate riskC. Inflation risk only affects consumers, not businessesD. Inflation risk is not a concern for businesses

2. What is a risk assessment?

A. A risk assessment is a one-time activityB. A risk assessment is only for complianceC. A risk assessment is not necessaryD. A risk assessment identifies and evaluates risks

3. What is residual risk?

A. Residual risk is the same as inherent riskB. Residual risk is the risk that remains after controls are implementedC. Residual risk is not a concern for managementD. Residual risk is eliminated by controls

4. What is inherent risk?

A. Inherent risk is the risk after controls are implementedB. Inherent risk is the same as residual riskC. Inherent risk is the risk before any controls are appliedD. Inherent risk is not relevant to risk management

5. What is risk appetite?

A. Risk appetite is the amount of risk an organisation is willing to acceptB. Risk appetite is the same as risk toleranceC. Risk appetite is not relevant to business riskD. Risk appetite is the same as residual risk

General10 MCQs

6. What are the four risk mitigation strategies?

A. Risk mitigation strategies include only avoid and reduceB. Risk mitigation strategies include only transfer and acceptC. Risk mitigation strategies are optionalD. Risk mitigation strategies include avoid, reduce, transfer, and accept

7. What is Enterprise Risk Management (ERM)?

A. ERM considers only market riskB. ERM considers all risks across the organisationC. ERM is only for large corporationsD. ERM is the same as insurance

8. What is the COSO ERM framework?

A. COSO ERM has three componentsB. COSO ERM is only for financial institutionsC. COSO ERM is a framework for managing risk with governance, strategy, performance, review, and communicationD. COSO ERM is the same as COSO internal control

9. What is a risk register?

A. A risk register lists identified risks, their likelihood, impact, and mitigation strategiesB. A risk register is a list of all technology assetsC. A risk register is optionalD. A risk register is the same as a security policy

10. What are key risk indicators (KRIs)?

A. KRIs are the same as KPIsB. KRIs are optionalC. KRIs are not used in practiceD. KRIs are metrics that provide early warning of increasing risk exposure

📋 ACCA - Test Online Practice Quizzes

ACCA

Conducting Body: Association of Chartered Certified Accountants

Frequency: Exam Frequency Year Round | Time: 360 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 116 MCQs):

Business and Technology: 46 MCQs
Management Accounting: 35 MCQs
Financial Accounting: 35 MCQs
Corporate and Business Law: 45 MCQs

Merit Formula: -

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