EXIN Management of Risk Foundation : EX0-004 Exam

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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?

A) Risk management process guide
B) Risk progress report
C) Risk management strategy
D) Risk management policy

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

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

3. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Describe risks faced by the organization that may prevent an activity from succeeding
C) Understand a stakeholder's view of an activity's risk profile
D) Define an activity's key performance indicators

4. Which is used to review how well an organization has embedded M_o_R?

A) Early warning indicators
B) Monetary benefit measurement
C) Risk management health check
D) Risk improvement plan

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

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

Solutions: