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EXIN Management of Risk Foundation Sample Questions:

1. Which can be used to measure the impact a risk management awareness programme has on an organization?

A) Benchmarking
B) Brainstorming
C) Gateway reviews
D) Risk questionnaires

2. Which describes the threat response option 'accept the risk'?

A) Take no action except monitor the risk to ensure it remains tolerable
B) Carry out an action to make the uncertain situation certain
C) Perform an action to minimize the impact of the risk should it occur
D) Partake in a pain/gain contract with another party for the specified risk

3. Which is a use of the 'SWOT analysis' technique?

A) Informing of the status of the risks facing an activity
B) Estimating the market share of competitors
C) Identifying future developments that are at the margins of current thinking
D) Examining regulatory and corporate governance requirements

4. Which heading in a 'risk register is used to record the area of uncertainty?

A) Cause
B) Effect
C) Event
D) Probability

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

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

Solutions: