File Info
| Exam | M_o_R Foundation Certificate in Risk Management |
| Number | MORF |
| File Name | Exin.MORF.SelfTestEngine.2015-03-12.140q.tqb |
| Size | 527 KB |
| Posted | Mar 12, 2015 |
| Download | Exin.MORF.SelfTestEngine.2015-03-12.140q.tqb |
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Demo Questions
Question 1
Which is a purpose of using a risk maturity model?
- Identify where the application of risk management within an organization can be improved
- Understand the nature of risks facing an organization and the actions needed to respond
- Provide independent risk information at key decision points within a programme or project
- Show to which organizational activities risk management should be applied
Correct answer: A
Question 2
Which does the SWOT analysis technique help to identify about an organization?
- Long-term trends
- Stakeholder views
- Corporate governance requirements
- Internal strengths
Correct answer: D
Question 3
Which technique can be used to clarify potential sources of risks across an activity?
- Probabilistic risk models
- Summary risk profiles
- Risk breakdown structure
- Decision trees
Correct answer: C
Question 4
What objectives are associated with decisions on risks to the achievement of long-term goals?
- Strategic
- Programme
- Project
- Operational
Correct answer: A
Question 5
Which explains a use of the risk management policy in the identify context' step?
- Identifies changes to the organization's market
- Identifies how past events could become sources of risk
- Describes how corporate governance will affect the risk management process
- Understand the maximum amount of risk that should be taken
Correct answer: D
Question 6
What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?
- Identify
- Assess
- Plan
- Implement
Correct answer: B
Question 7
Which is NOT a reason for carrying out an `M_o_R health check?
- Identify areas for improvement
- Help gain maximum value from investment in risk management
- Provide a snapshot of the current status of identified risks
- Review how well risk management practices have been embedded
Correct answer: C
Question 8
Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?
- Determine which other risks will occur if a risk occurs
- Calculate the total risk exposure for the activity
- Evaluate the effectiveness of risk management across the organization
- Determine which risks are independent of other risks
Correct answer: C
Question 9
Which role provides sponsorship to ensure that risk management is embraced within the organization?
- Senior manager
- Manager
- Assurance
- Risk specialist
Correct answer: A
Question 10
What step is used to determine the time period when a risk might occur?
- Identify - risks
- Assess - estimate
- Assess - evaluate
- Identify context
Correct answer: B
