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EXIN Management of Risk Foundation Sample Questions:

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

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

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

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

3. Which task will be carried out while performing the 'identify - risks' step?

A) Ensuring that all participants agree on the identified risks
B) Calculating when an identified risk is likely to occur
C) Developing an appropriate response to the identified risks
D) Ranking the importance of the stakeholders involved in the activity

4. Which describes the risk response option'share the risk'?

A) Perform an action to minimise the impact of the risk should it occur
B) Obtain an insurance policy to cover the impact should the risk occur
C) Carry out an action to make the uncertain situation certain
D) Partake in a pain/gain contract with another party for the specified risk

5. What risk management specialism is focused on ensuring an organization keeps operating following an incident?

A) Financial risk management
B) Safety and security
C) Business continuity management
D) Health and safety

Solutions: