Risk Management Question Paper

Risk Management

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE

BMS 202 – RISK MANAGEMENT

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DATE: MONDAY 21ST DECEMBER 2009 TIME: 8.00 A.M. – 10.00 A.M.

INSTRUCTIONS

Attempt question one (COMPULSORY) and any other TWO.
Start each question on a new page
Marks are awarded for proper explanation and use of appropriate examples.

Question One

a)
Differentiate between planned and unplanned risk retention. Are all of these forms of risk retention appropriate risk management techniques? Explain. (10 marks)
b)
Discuss the importance of risk control in the risk management process. (10 marks)
c)
Discuss the criticisms of insurance mechanism. (10 marks)

Questions Two
Your company wants to play it safe after a bad financial year. The board of directors has
resolved to employ the tools of insurance in the management of their economic risks. You
have been assigned the role of identifying the risks the company is exposed with a view of
economically managing them. Explain in details the techniques you will use.
(20 marks)

QUESTION THREE
a)
Define captive insurance companies and discuss the need for their formation.
(10 marks)
b)
Discuss in details the purpose and fitness of Hazard and Operability studies (HAZOP)
in risk management. (10 marks)

QUESTIONS FOUR
Explain risk financing under the following heads
a)
Role of risk financing (8 marks)
b)
Risk financing variables (7 marks)
c)
Risk financing techniques (5 marks)

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