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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is a purpose of the risk management process guide?

A) Describe the steps required to improve the level of risk management within an organization
B) Explain how risk management practices will be implemented throughout an organization
C) Describe the specific risk management activities that will be performed on a particular organizational activity
D) Explain how the risk management steps will be carried out across the organization

3. Which defines an'MoR health check'?

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

4. What step is used to determine the time period when a risk might occur?

A) Identify - risks
B) Assess - estimate
C) Identify-context
D) Assess - evaluate

5. 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

Solutions: