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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is a use of the 'SWOT analysis' technique?

A) Informing of the status of the risks facing an activity
B) Estimating the market share of competitors
C) Identifying future developments that are at the margins of current thinking
D) Examining regulatory and corporate governance requirements

3. Which is NOT described in the M_o_R risk management process guide?

A) Procedures for escalation and delegation between the different perspectives
B) Roles and responsibilities for the process
C) Tools and techniques to support the risk management process steps
D) Templates, their purpose and locations

4. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Having a board-level sponsor defined and communicated to all staff
B) Having risk delivery linked to performance objectives
C) Communicating risk management successes
D) Undertaking qualitative and quantitative assessment of risks

5. Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

A) an assigned risk owner
B) clear guidance for managers and staff
C) appropriate responses to risks
D) a high-risk appetite

Solutions: