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EXIN Management of Risk Foundation Sample Questions:

1. Which is a purpose for carrying out an'M_o_R health check'?

A) Review how well risk management practices have been embedded
B) Examine future developments that may affect an organization's level of exposure to risk
C) Provide a snapshot of the current status of identified risks
D) Identify the number of risks emerging in different risk categories

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

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

3. What step is used to determine the likelihood of a risk occurring?

A) Assess - evaluate
B) Identify - risks
C) Assess - estimate
D) Identify-context

4. What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?

A) Implement
B) Assess
C) Identify
D) Plan

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

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

Solutions: