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EXIN Management of Risk Foundation Sample Questions:

1. What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?

A) Contingency planning
B) Internal controls
C) Corporate governance
D) Embedding and reviewing

2. Which action is NOT needed in order for risk management to be effective?

A) Control the risk
B) Identify the risk
C) Eliminate the risk
D) Assess the risk

3. What step is used to determine the likelihood of a risk occurring?

A) Identify - risks
B) Identify-context
C) Assess - estimate
D) Assess - evaluate

4. Which is a purpose for an'M_o_R health check'?

A) Examine future developments that may affect an organization's level of exposure to risk
B) Review how well risk management practices have been embedded
C) Identify individuals or groups of individuals that have an interest in an organizations planned activity
D) Provide a snapshot of the current status of identified risks

5. Which is a benefit of effective risk management?

A) Organizations are better prepared to recover from unplanned incidents
B) Successful completion of all change activities
C) Guarantees business benefits will be delivered
D) Eliminates risk-taking within an organization

Solutions: