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EXIN Management of Risk Foundation Sample Questions:

1. What is the purpose of using an M_o_R'health check'?

A) Show which organizational activities that risk management should be applied to
B) Understand the nature of risks facing an organization and the actions needed to respond
C) Examine an organization's current risk management practices to identify areas for improvement
D) Provide alternative assurance and approval processes at key decision points within a programme

2. What is a threat?

A) An uncertain event that could have a negative impact on objectives
B) An uncertain event that could have a favourable impact on objectives
C) An event that has occurred resulting in a negative impact on objectives
D) An event that has occurred resulting in a favourable impact on objectives

3. What is risk exposure?

A) Combined effect of risks to a set of objectives
B) System by which organizations are directed and controlled
C) Amount of risk the organization, or subset of it, is willing to accept
D) Maximum amount of risk that an organization can bear

4. What does a 'risk management strategy' describe?

A) Specific risk management practices that will be performed within an activity
B) Processes required to improve risk management within an organization
C) Series of steps needed to implement risk management
D) Risk management policies that will be implemented throughout an organization

5. Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?

A) Operational
B) Project
C) Strategic
D) Programme

Solutions: