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EXIN Management of Risk Foundation Sample Questions:

1. Which statement describes the'avoid a threat' risk response option?

A) Perform an action to minimise the impact of the risk should it occur
B) Obtain an insurance policy to cover the impact should the risk occur
C) Partake in a pain/gain contract with another party for the specified risk
D) Remove the cause of the threat

2. What are the M_o_R principles informed by?

A) Basel II
B) Statement of internal control
C) Corporate governance principles
D) M_o_R approach

3. Which is a goal of the 'assess - evaluate' step?

A) Gather information about threats to the organization that may reduce the likelihood of the activity succeeding
B) Understand the organization's approach to managing risk
C) Obtain information about the external factors that may affect the planned activity
D) Calculate the total risk exposure to the activity

4. What document separately describes the steps required to implement risk management within an organization?

A) Risk management strategy
B) Risk management policy
C) Risk management process guide
D) Business continuity plan

5. Which is a responsibility of the senior team role?

A) Agree the timing of risk progress reports for an activity
B) Specify the required budget to fund risks
C) Document the importance of risk management towards achieving organizational objectives
D) Approve assessments of risk probability, impact and proximity

Solutions: