EXIN EX0-004

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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Evaluate the effectiveness of risk management across the organization
B) Calculate the total risk exposure for the activity
C) Determine which other risks will occur if a risk occurs
D) Determine which risks are independent of other risks

3. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?

A) Risk perception
B) Risk tolerance
C) Risk appetite
D) Risk capacity

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

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

5. Which BEST describes the 'reduce the threat' risk response option?

A) Monitoring a risk to ensure it remains within acceptable tolerance
B) Changing the planned tasks in an activity
C) Performing an action to minimise the chance of a risk impacting objectives
D) Partaking in a pain/gain contract with another party for a specified risk

Solutions: