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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Having risk delivery linked to performance objectives
B) Communicating risk management successes
C) Having a board-level sponsor defined and communicated to all staff
D) Undertaking qualitative and quantitative assessment of risks

2. Which is NOT a recommended risk response option for an 'opportunity'?

A) Reduce
B) Enhance
C) Share
D) Transfer

3. Which is a responsibility of the M_o_R risk specialist role?

A) Review progress to develop the risk management policy
B) Establish how risk management will be integrated with performance management
C) Ensure that risk management strategies have been created
D) Develop plans to improve risk management

4. Which explains a use of the risk management policy in the identify context' step?

A) Understand the maximum amount of risk that should be taken
B) Describes how corporate governance will affect the risk management process
C) Identifies how past events could become sources of risk
D) Identifies changes to the organization's market

5. Which defines an'MoR health check'?

A) A benchmarking of current capability
B) An approach to embed the M_o_R principles
C) A list of actions to improve the way risk management is performed
D) A tool to identify how the application of M_o_R might be improved

Solutions: