Free Financial CFSA Exam Questions (page: 7)


QUESTION: 22
Strategic planning is the process of taking a long-term view of the organization, the longer the
view, the greater the uncertainty of risks and opportunities. Such reservations can better be
handled by:

A. Timely decisions
B. Flexible/ Adaptive plans and processes
C. Periodic risk assessments
D. Focusing on current period organizational activity

Answer(s): B
QUESTION: 23
High-risk scores are those with an average of scores:

A. 3.75 or more
B. 3.25 or more
C. 4.25 or more
D. 4.00 or more

Answer(s): C
QUESTION: 24
Low-risk scores are those with an average of scores:

A. 2.25 or less
B. 2.75 or less
C. 2.00 or less
D. 3.25 or less

Answer(s): A
QUESTION: 25
Risks inherent in the management process are known as:

A. Residual risks
B. Long-term risks
C. Control risks
D. Strategic risks

Answer(s): C
QUESTION: 26
Both residual and control risk need to be dealt with in project management.

A. Timely

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