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Risk Management Question Paper

Risk Management

Course:Bachelor Of Commerce

Institution: University Of Nairobi question papers

Exam Year:2008

UNIVERSITY OF NAIROBI

SECOND YEAR SECOND SEMESTER EXAMINATIONS 2007/2008 FOR THE DEGREE OF BACHELOR OF COMMERCE

RISK MANAGEMENT

ANSWER ANY FOUR QUESTIONS

QUESTION ONE:
(a) A company has plans to set up a self insurance program to handle its exposures. Discuss the merits and demerits of such a program. (15 marks)

(b) Explain the circumstances that may favor a self insurance plan. (10 marks)

QUESTION TWO:
(a) Environmental risks have a major impact on business activities. Discuss some five such environmental risks and explain how they have affected Kenyan businesses in the past one year. (15 marks)

(b) Suggest ways on how the companies can protect themselves against such risks. (10 marks)

QUESTION THREE:
(a) Loss is controlled through preventive, protective and minimizing measures. Explain how these three measures could be applied in a factory manufacturing industrial goods.
(10 marks)

(b) Discuss the techniques of loss control and explain business situations in which they can be applied. (15 marks)

QUESTION FOUR:
(a) Explain why risk identification is critical to a risk management program. (10 marks)

(b) A company operates a public transport business. Discuss the specific techniques you would apply to identify its exposures and justify the use of those techniques in this situation. (15 marks)

QUESTION FIVE:
Briefly explain the following risk management terms:
(a) risk avoidance
(b) risk transfer
(c) marketing risks
(d) risk management objectives
(e) review of risk management programs
(5 marks each)

Risk Management Question Paper

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