MORF by EXIN Valid Free Exam Practice Test

Question 1

What are the M_o_R principles informed by?

A. International standard for risk management ISO31000:2009 B. Basel Accord (Basel II) C. Statements of internal control D. Public Company Accounting and Reform and Investor Protection Act

Correct Answer: A

Question 2

Identify the missing words in the following sentence. In order to safeguard value-creating activities, [ ? ] is used to build an effective response to threats.

A. programme management B. corporate governance C. business continuity management D. project management

Correct Answer: C

Question 3

Which is a benefit of effective risk management?

A. Staff members are better prepared to respond to incidents B. Removes the organization's need to take risks C. Activity plans are agreed before the activity commences D. Guarantees business benefits will be delivered

Correct Answer: A

Question 4

Which is a purpose of the risk management process guide?

A. Explain how the risk management steps will be carried out across the organization B. Explain how risk management practices will be implemented throughout an organization C. Describe the steps required to improve the level of risk management within an organization D. Describe the specific risk management activities that will be performed on a particular organizational activity

Correct Answer: A

Question 5

Which is a responsibility of the M_o_R risk specialist role?

A. Ensure that risk management strategies have been created B. Develop plans to improve risk management C. Establish how risk management will be integrated with performance management D. Review progress to develop the risk management policy

Correct Answer: B

Question 6

Which is a benefit of effective risk management?

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

Correct Answer: B

EXIN Management of Risk Foundation - MORF Exam Practice Test