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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a recommended risk response option for an 'opportunity'?

A) Transfer
B) Enhance
C) Reduce
D) Share

2. Which is a responsibility of the M_o_R senior team role?

A) Ensure an escalation process is in place
B) Maintain ownership of the risk management policy
C) Develop plans to improve risk management
D) Ensure adequate resources are available to implement the risk management strategy

3. Which is a purpose for an'M_o_R health check'?

A) Examine future developments that may affect an organization's level of exposure to risk
B) Provide a snapshot of the current status of identified risks
C) Identify individuals or groups of individuals that have an interest in an organizations planned activity
D) Review how well risk management practices have been embedded

4. What is an opportunity?

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

5. What is a 'central risk function'?

A) A group that acts on risks escalated from other perspectives
B) A group that may pose a risk to objectives through its opposition to plans
C) A group with formal responsibility for supporting strategic risk management
D) A group responsible for approving the funding for risk management

Solutions: