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NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2018 EXAMINATION

COURSE CODE:      BFN421                                                          CREDIT UNIT: 2

COURSE TITLE:     RISK MANAGEMENT AND INSURANCE

TIME ALLOWED:   2 Hours

INSTRUCTIONS:     1. Attempt question Number one (1) and any other two (2).

2. Question number 1 is compulsory and carries 30 marks, while                 the other questions carry 20 marks each

                                    3. Present all your points in coherent and orderly manner

 

  1. Identify and discuss at least six of the determinants of effective management of project risk.   30Marks

 

  1. The risk manager assesses the organization's risk exposure in order to determine the appropriate options to adopt in handling risks.  Name and discuss the appropriate steps to be taken. 20Marks

 

  1. Discuss the salient deductions that underscore the nature of risk in a business organization.            20Marks

                                   

  1. Discuss the operational plans against risks of an enterprise. 20Marks

 

  1. Explain the following terms:

i. Risk Identification        4Marks

ii. Risk Measurement     4Marks

iii. Risk Treatment         4Marks

iv. Risk Control             4Marks

v. Risk Financing           4Marks        Total =20Marks  


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