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EXIN Management of Risk Foundation Sample Questions:

1. Which is a benefit of effective risk management?

A) Guarantees business benefits will be delivered
B) Eliminates risk-taking within an organization
C) Successful completion of all change activities
D) Improves the chances of organizational changes being successful

2. Which is a common barrier to implementing the risk management process?

A) Lack of an assigned risk owner
B) Lack of risk facilitation resources and time
C) Lack of a high-risk appetite at senior management level
D) Lack of an appropriate response to a risk in an activity's risk register

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

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

4. What is an opportunity?

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

5. Identify the missing words in the following sentence. Because organizations [ ? ] they need to use the environmental risk management' specialism.

A) are concerned about stakeholder perceptions
B) fail to deliver minimum standards
C) face financial penalties for polluting waterways
D) see brand and reputation as key assets

Solutions: