QUESTION: 13

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

Evaluate the impact, probability and how soon risks might occur
Calculate the net effect of risks facing the activity
Assess and evaluate the effectiveness of procedures for managing risks
Evaluate the net cost of planned risk responses

Answer(s): B

QUESTION: 14

Which of the M_o_R framework core concepts is informed by corporate governance principles and the international standard for risk management ISO31000:2009?

M_o_R approach
M_o_R principles
M_o_R process
Embedding and reviewing M_o_R

Answer(s): B

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QUESTION: 15

What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?

Corporate governance
Internal controls
Embedding and reviewing
Contingency planning

Answer(s): C

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QUESTION: 16

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

a high-risk appetite
appropriate responses to risks
clear guidance for managers and staff
an assigned risk owner

Answer(s): C

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QUESTION: 13

QUESTION: 14

QUESTION: 15

QUESTION: 16