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NEW QUESTION: 1

A. Option A
B. Option D
C. Option B
D. Option C
Answer: C

NEW QUESTION: 2
Section A (1 Mark)
Which one of the following has not caused the huge growth in hedge funds and private equity?
A. The freedom of hedge fund managers to use innovative methods of investing to increase returns
B. Tough financial regulations which promote greater investment and therefore better returns
C. Financial institutions looking for a better rate of return
D. Private investors seeking better returns
Answer: B

NEW QUESTION: 3
Which of the following is MOST essential for a risk management program to be effective?
A. Flexible security budget
B. New risks detection
C. Accurate risk reporting
D. Sound risk baseline
Answer: B
Explanation:
Explanation
All of these procedures are essential for implementing risk management. However, without identifying new risks, other procedures will only be useful for a limited period.