Alberta Basic Security Training (ABST) Practice Exam 2025

Which of the following statements is false regarding managing risk?

1. Regular analysis is crucial

2. Risks can be completely eliminated

3. A response plan is necessary

4. Continuous adjustment is required

The correct answer is: Risks can be completely eliminated

The statement that risks can be completely eliminated is false because, in reality, risk is an inherent part of any operation or activity, especially in the context of security and safety. While organizations can implement measures to mitigate or reduce risks significantly, it is virtually impossible to eliminate them entirely. This understanding is essential in risk management, as it emphasizes the need for a proactive approach to identify, assess, and respond to risks rather than imagining they can be completely eradicated. Regular analysis is a cornerstone of effective risk management. Continuous evaluation allows organizations to adapt to changing circumstances and ensure that their strategies remain relevant and effective. This ongoing analysis helps in identifying new risks and assessing the effectiveness of existing controls. Having a response plan is also critical in managing risks. A well-prepared response plan ensures that an organization can quickly react to unforeseen events, minimizing potential damage or disruption to operations. Continuous adjustment is necessary because the landscape of risks is always shifting due to various factors such as new technologies, environmental changes, or evolving regulations. Adjusting strategies and plans accordingly allows organizations to maintain resilience and adaptability in the face of these changes.