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EXIN Management of Risk Foundation Sample Questions:

1. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Informs decision-making
B) Achieves measurable value
C) Creates a supportive culture
D) Facilitates continual improvement

2. Which is a use of a risk management maturity model?

A) Carrying out an enterprise wide assessment
B) Checking the state of current risk management
C) Enabling organizations to benchmark their current risk management capability
D) Identifying areas where application of risk management can be improved

3. Which step has a goal of checking the success of risk responses?

A) Assess - evaluate
B) Implement
C) Plan
D) Assess-estimate

4. What is corporate governance?

A) A sound system of internal control to ensure that effective management systems have been established to protect the organization
B) A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed
C) The systematic application of principles, an approach and a process to the tasks of managing risk
D) A plan for the fast and efficient resumption of essential business services

5. What document separately describes the steps required to implement risk management within an organization?

A) Risk management process guide
B) Risk management strategy
C) Business continuity plan
D) Risk management policy

Solutions: