EXIN EX0-004 : Management of Risk Foundation

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EXIN Management of Risk Foundation Sample Questions:

1. Which is a goal of the 'assess - evaluate' step?

A) Obtain information about the external factors that may affect the planned activity
B) Gather information about threats to the organization that may reduce the likelihood of the activity succeeding
C) Calculate the total risk exposure to the activity
D) Understand the organization's approach to managing risk

2. Which is a purpose of the 'risk management policy'?

A) Explain the actions required to implement risk management
B) Record information about threats and opportunities for an organizational activity
C) Describe how risk management practices will be implemented throughout an organization
D) Define the Specific risk management activities that will be performed for an activity

3. What document provides a record of the risks identified for a particular activity?

A) Risk management strategy
B) Risk improvement plan
C) Risk progress report
D) Risk register

4. What is corporate governance?

A) The systematic application of principles, an approach and a process to the tasks of managing risk
B) A sound system of internal control to ensure that effective management systems have been established to protect the organization
C) A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed
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 strategy
B) Risk management policy
C) Risk management process guide
D) Business continuity plan

Solutions: