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EXIN Management of Risk Foundation Sample Questions:

1. Which BEST describes an area of uncertainty at the operational perspective?

A) Conflicts during the implementation of business strategy
B) Changes to the delivery schedule of business products
C) Opinions of stakeholders that may affect the organizational reputation
D) Capabilities of the infrastructure to deliver services

2. Which is a common barrier to implementing the risk management process?

A) Lack of an assigned risk owner
B) Lack of policies, processes, strategies and plans
C) Lack of a high-risk appetite at senior management level
D) Lack of an appropriate response to a risk in an activity's risk register

3. 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

4. Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

A) Audit committee
B) Team
C) Senior team
D) Risk owner

5. Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

A) an assigned risk owner
B) clear guidance for managers and staff
C) appropriate responses to risks
D) a high-risk appetite

Solutions: