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EXIN Management of Risk Foundation Sample Questions:

1. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

A) Risk response plan
B) Risk management strategy
C) Risk register
D) Risk progress report

2. Identify the missing word in the following sentence. Applying the 'aligns with objectives'
principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.

A) programme
B) operational
C) project
D) strategic

3. Which is a responsibility of a 'risk actionee'?

A) Perform a risk response action to respond to a particular risk
B) Develop strategies to improve the management of risk
C) Manage all aspects of an assigned risk
D) Identify risks that might occur to activities in their department

4. Which is a benefit of effective risk management?

A) Eliminates risk-taking within an organization
B) Organizations are better prepared to recover from unplanned incidents
C) Successful completion of all change activities
D) Guarantees business benefits will be delivered

5. Which is a use of the risk management policy in the 'identify - context' step for an activity?

A) Identifying the activity-specific categories to be used for grouping risks
B) Recording departures from the risk management process guide
C) Defining the records to be used
D) Providing guidance on setting risk tolerance thresholds

Solutions: