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EXIN Management of Risk Foundation Sample Questions:

1. What principle is supported by early warning indicators?

A) Aligns with objectives
B) Informs decision-making
C) Engages stakeholders
D) Fits the context

2. Which is a purpose for carrying out an'M_o_R health check'?

A) Identify the number of risks emerging in different risk categories
B) Examine future developments that may affect an organization's level of exposure to risk
C) Review how well risk management practices have been embedded
D) Provide a snapshot of the current status of identified risks

3. Which is a purpose of using a risk maturity model?

A) Provide independent risk information at key decision points within a programme or project
B) Show to which organizational activities risk management should be applied
C) Identify where the application of risk management within an organization can be improved
D) Understand the nature of risks facing an organization and the actions needed to respond

4. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Aligns with objectives
B) Informs decision-making
C) Provides clear guidance
D) Fits the context

5. What is a threat?

A) An event that has occurred resulting in a negative impact on objectives
B) An uncertain event that could have a negative impact on objectives
C) An uncertain event that could have a favourable impact on objectives
D) An event that has occurred resulting in a favourable impact on objectives

Solutions: