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EXIN Management of Risk Foundation Sample Questions:

1. Which describes the threat response option 'accept the risk'?

A) Perform an action to minimize the impact of the risk should it occur
B) Take no action except monitor the risk to ensure it remains tolerable
C) Carry out an action to make the uncertain situation certain
D) Partake in a pain/gain contract with another party for the specified risk

2. Which is used in the calculation of 'inherent' risk exposure?

A) Proximity of a risk before risk response actions are implemented
B) Probability of a risk before risk response actions are implemented
C) Likelihood of a secondary risk occurring
D) Effect on objectives if a risk occurs after completed risk response actions

3. Which is a definition of a risk maturity model?

A) A framework of mature practices for appraising an organization's risk management competency
B) An assessment of an organization's risk management practice
C) A tool for checking the health of current risk management
D) A self-assessment check that the principles have been applied well

4. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A) Informs decision making
B) Facilitates continual improvement
C) Achieves measurable value
D) Provides clear guidance

5. Which describes the cause of a risk?

A) Likelihood of the risk occurring
B) Impact of the risk on an activity
C) Risk remaining after implementing a risk response
D) Potential trigger point for a risk

Solutions: