CEA Risk Management & Environmental Impact

Question 1

What is the first step in environmental risk management?

Accepted Answer

Risk identification

Answer

Risk control.

Answer

Risk communication.

Answer

Risk financing.

Question 2

Which method is used to evaluate the likelihood and consequences of environmental risks?

Accepted Answer

Risk assessment

Answer

Risk communication.

Answer

Risk financing.

Answer

Risk monitoring.

Question 3

What does environmental impact assessment (EIA) analyze?

Accepted Answer

Environmental consequences of projects

Answer

Financial impacts only.

Answer

Marketing plans.

Answer

Operational efficiencies.

Question 4

Which risk management strategy involves reducing or eliminating risks?

Accepted Answer

Risk mitigation

Answer

Risk avoidance.

Answer

Risk acceptance.

Answer

Risk transfer.

Question 5

What is risk communication?

Accepted Answer

Informing and engaging stakeholders

Answer

Ignoring risks.

Answer

Avoiding communication.

Answer

Delaying risk management.

Question 6

Which factor affects the severity of environmental impacts?

Accepted Answer

Scale and sensitivity of environment

Answer

Cost of project only.

Answer

Stakeholder opinions only.

Answer

Time of year only.

Question 7

What is a contingency plan in environmental risk management?

Accepted Answer

A response plan for emergencies

Answer

A plan to ignore risks.

Answer

A financial report.

Answer

A marketing strategy.

Question 8

What does risk transfer involve?

Accepted Answer

Shifting risk to another party

Answer

Ignoring the risk.

Answer

Accepting all risks.

Answer

Eliminating risk.

Question 9

Why is stakeholder involvement important in environmental risk management?

Accepted Answer

It improves transparency and decisions

Answer

It complicates the process.

Answer

It delays projects.

Answer

It reduces accountability.