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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the M_o_R assurance role?

A) Develop plans to improve risk management
B) Ensure the availability of staff to implement the risk management strategy
C) Validate assessment of individual risks
D) Advise the senior team that the correct risk management roles exist

2. What is a threat?

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

3. Which is a goal of the 'plan' process step?

A) Choose appropriate actions to deal with risks
B) Set the risk tolerance of an activity
C) Understand an activity's pre-response risk exposure
D) Agree the timing of the risk communications plan

4. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

A) Risk register
B) Risk response plan
C) Risk management strategy
D) Risk progress report

5. Which is a benefit of effective risk management?

A) Eliminates risk to an activity
B) Improves the probability of achieving objectives
C) Increases the number of risks that may occur for an activity
D) Guarantees business benefits will be delivered

Solutions: