# Test your knowledge: Risk - Advanced level

Test your knowledge about risk management

Knowledge related Middle Office activities, models & processes is not only relevant for Risk Managers & Analysts, but supporting staff must also understand this in order to excel.

**At this advanced level you are tested with respect to your skills, the application of knowledge and therefore practice**

Theta describes the sensitivity of an option with respect to a change in:

Who developed the formula: (return - risk free rate)/volatility ?

Beta hedging is often NOT applied because of:

Rho describes the sensitivity of an option with respect to a change in:

Variance is:

What is referred to when 'worst case peformance' is mentioned?

A company is exposed to downside risk when:

Gamma describes the sensitivity of an option with respect to a change in:

A gas-fired power plant can be considered a sequence of:

Alpha is: