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EXIN Management of Risk Foundation Sample Questions:

1. Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?

A) Risk management strategy
B) Risk progress report
C) Risk management policy
D) Risk management process guide

2. What is represented graphically on a 'summary risk profile'?

A) Information found in the risk register
B) Proximity of the identified risks
C) Summary of the actions required to respond to the risks in the activity
D) Risk capacity for the activity

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

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

4. Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.

A) plan
B) manage
C) perform
D) record

5. Which defines the inherent probability of a risk?

A) Chance of a risk occurring before implementing a risk response
B) Likelihood of an issue occurring before implementing a risk response
C) Calculation of the timeframe and urgency of a risk prior to a risk response
D) Effect of the risk on the activity after implementing a risk response

Solutions: