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Bcom 241: Risk Management Question Paper

Bcom 241: Risk Management

Course:Bachelor Of Commerce

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS

SECOND YEAR EXAMINATION FOR THE AWARD OF DEGREE OF
BACHELOR OF COMMERCE

BCOM 241: RISK MANAGEMENT

STREAMS: BCOM Y2S2 TIME: 2 HOURS

DAY/DATE: MONDAY 13/8/2013 8.30 A.M. – 10.30 A.M.
INSTRUCTIONS:

Answer Question ONE and any other TWO questions.
Do not write on the question paper.

Q1. (a) Make clear brief notes on the following terms as used in Risk Management.

(i) Static risks [2 marks]

(ii) Dynamic risks [2 marks]

(iii) Operational risks [2 marks]

(b) You have been recruited as a Risk Manager by Mwangaza Manufacturing
Co. Ltd. The management has no knowledge on the necessary documents for
risk identification. Address their problem. [10 marks]

(c) Distinguish between Risk Control and Risk Financing as major techniques for handling loss exposures in organizations. [10 marks]

(d) Kabati and Associates is a Risk Management consulting firm which has been engaged to implement a risk management programme for company XYZ Ltd. Kabati and Associates faces resistance from the company team members who are complaining of the insistence of the consultancy on constant monitoring and review of the programme. As an independent expert, explain to the team on the need for continuous monitoring and review. [4 marks]

Q2. (a) ABC Company is a large manufacturing enterprise which wants to develop a
new culture of risk in her operations because of the perceived expensive potential of loss exposure. Explain to the CEO the contents of a good risk management policy statement. [10 marks]

(b) Explain the role of the Board of Directors in Risk Management. [10 marks]

Q3. (a) Risk Management is a process. Discuss. [12 marks]

(b) Critically explain how risk is a burden to the society and economy at large.
[8 marks]

Q4. (a) Omega Company Ltd recently adopted a risk management program in its
operations. The Managing Director requires that all line managers understand how to identify the risks the company is exposed to. You have been approached by the Managing Director to address his line managers on the possible techniques available. Explain to the managers what techniques they can use. [10 marks]

(b) Severity and frequency of losses has been the guiding principle for any risk management decision. Discuss. [10 marks]

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Bcom 241: Risk Management Question Paper

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