EXIN EX0-004 - Management of Risk Foundation

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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which is a purpose for carrying out an'M_o_R health check'?

A) Review how well risk management practices have been embedded
B) Provide a snapshot of the current status of identified risks
C) Examine future developments that may affect an organization's level of exposure to risk
D) Identify the number of risks emerging in different risk categories

2. What is corporate governance?

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

3. Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

A) Senior team
B) Team
C) Audit committee
D) Risk owner

4. Which is provided by the 'M_o_R principles'?

A) Guidance for the design of a risk management approach
B) Inputs, outputs, tasks and techniques needed to implement risk management
C) Design for an organization's corporate governance policy
D) Criteria used to measure the development of risk management

5. What is a 'central risk function'?

A) A group that may pose a risk to objectives through its opposition to plans
B) A group responsible for approving the funding for risk management
C) A group that acts on risks escalated from other perspectives
D) A group with formal responsibility for supporting strategic risk management

Solutions: