ISO-31000-CLA by GAQM Actual Free Exam Q&As

Question 1

How many risk management principles exists ISO 31000:2018?

A. 9 B. 6 C. 8 D. 7

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Correct Answer: A Vote an answer

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Question 2

How does a pure risk differ from a speculative risk?

A. A pure risk always has an environmental cause whereas a speculative risk always involves human error. B. A pure risk can be measured in probability terms whereas a speculative risk cannot. C. A pure risk is not subject to regulatory control but a speculative risk always is. D. A pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

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Correct Answer: D Vote an answer

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Question 3

Uncertainties may involve: (Choose two)

A. The processed to know upcoming security issues B. Appointing security analyst C. Differing abilities among risk analysts D. The process used to conduct the risk analysis

Discussion 0

Correct Answer: C,D Vote an answer

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Question 4

When an operational area develops a treatment for a critical risk, the risk management professional MUST

A. evaluate the impact upon other areas. B. evaluate the dollar savings associated with the treatment. C. communicate the treatment plan directly with internal audit. D. add the risk to the risk map.

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Correct Answer: A Vote an answer

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Question 5

Uncertainty leads to a changing context

A. False B. True

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Correct Answer: B Vote an answer

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Question 6

Which of the following is a major challenge in implementing the ISO 31000:2018 risk management framework?

A. Strategic framework boundaries B. Design framework boundaries C. Scoping framework boundaries D. Improvement framework boundaries

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Correct Answer: C Vote an answer

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Question 7

Which of the following step is a critical part of risk assurance?

A. Communication and Consultations B. Evaluation Context C. Monitoring and Review D. Establishing Context

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Correct Answer: C Vote an answer

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Question 8

Treatment plan becomes a living document of defining the direction of the risk treatment and being able to monitor progress against the plan.

A. False B. True

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Correct Answer: B Vote an answer

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Question 9

Which of the following statements does not apply to ISO 31000?

A. It is the first standard issued by ISO for risk management B. It can be used for certification purposes C. It can be used by any organization regardless of its size, activity or sector

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Correct Answer: B Vote an answer

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GAQM ISO 31000 - Certified Lead Risk Manager - ISO-31000-CLA Exam Practice Test