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EXIN Management of Risk Foundation Sample Questions:

1. What does a 'risk management strategy' describe?

A) Series of steps needed to implement risk management
B) Risk management policies that will be implemented throughout an organization
C) Processes required to improve risk management within an organization
D) Specific risk management practices that will be performed within an activity

2. What document describes how risk management activities relate to the achievement of strategic objectives?

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

3. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A) Estimated likelihood of the risks occurring
B) Exposure of the risks after completion of risk responses
C) Identified risks resulting from a risk response action
D) The timeframe in which the risks are likely to occur

4. What is a threat?

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

5. Which defines an'MoR health check'?

A) A tool to identify how the application of M_o_R might be improved
B) A benchmarking of current capability
C) An approach to embed the M_o_R principles
D) A list of actions to improve the way risk management is performed

Solutions: