Which risk management approach involves aggregating risk indicators from business drivers, and which involves developing hypothetical events for specific business activities?

Business/Management
Which risk management approach involves aggregating risk indicators from business drivers, and which involves developing hypothetical events for specific business activities?

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Answer

4

Question 1 (Scorecard approach):

Step 1: Identify the nature of the scorecard approach.
The scorecard approach aggregates risk indicators from high-level business drivers to estimate overall operational risk.

Step 2: Match to options.
It is typically classified as a top-down approach.

Answer: 4

4

Question 2 (Scenario analysis):

Step 1: Identify the nature of scenario analysis.
Scenario analysis involves developing detailed hypothetical events for specific business activities or processes.

Step 2: Match to options.
This focuses on granular, specific risks, which is a micro level.

Answer: 2

2

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Question 1 (Scorecard approach): Step 1: Identify the nature of the scorecard approach.

Which risk management approach involves aggregating risk indicators from business drivers, and which involves developing hypothetical events for specific business activities?
Business/Management

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ScanSolve AI Answer
Question 1 (Scorecard approach): Step 1: Identify the nature of the scorecard approach. The scorecard approach aggregates risk indicators from high-level business drivers to estimate overall operational risk. Step 2: Match to options. It is typically classified as a top-down approach. Answer: 4 4 Question 2 (Scenario analysis): Step 1: Identify the nature of scenario analysis. Scenario analysis involves developing detailed hypothetical events for specific business activities or processes. Step 2: Match to options. This focuses on granular, specific risks, which is a micro level. Answer: 2 2