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EXIN Management of Risk Foundation Sample Questions:

1. Which perspective is concerned with decisions about risks to long-term objectives that may not become apparent until well into the future?

A) Programme
B) Strategic
C) Operational
D) Project

2. What are the M_o_R principles informed by?

A) Corporate governance principles
B) M_o_R approach
C) Basel II
D) Statement of internal control

3. What principle is supported by early warning indicators?

A) Informs decision-making
B) Fits the context
C) Engages stakeholders
D) Aligns with objectives

4. Which is a responsibility of the senior team role?

A) Document the importance of risk management towards achieving organizational objectives
B) Specify the required budget to fund risks
C) Agree the timing of risk progress reports for an activity
D) Approve assessments of risk probability, impact and proximity

5. Which is NOT a purpose of 'embedding and reviewing M_o_R'?

A) Assessing the implementation of risk management
B) Reviewing risk descriptions as a result of changes to the context
C) Identifies the opportunities for updating existing risk management practices.
D) Improving the risk culture of an organization

Solutions: