MORF by EXIN Actual Free Exam Q&As

Question 1

Which step has a goal of checking the success of risk responses?

A. Plan B. Assess - estimate C. Assess - evaluate D. Implement

Discussion 0

Correct Answer: D Vote an answer

Question 2

What are the M_o_R principles informed by?

A. Public Company Accounting and Reform and Investor Protection Act B. Statements of internal control C. International standard for risk management ISO31000:2009 D. Basel Accord (Basel II)

Discussion 0

Correct Answer: C Vote an answer

Question 3

Which is a responsibility of the M_o_R senior manager role?

A. Define the amount of risk that should be taken for the organization B. Review progress to develop the risk management policy C. Develop risk improvement plans D. Specify risk tolerance levels

Discussion 0

Correct Answer: D Vote an answer

Question 4

What is an issue?

A. An uncertain event that may occur in the future B. A relevant event that has happened requiring management action C. An outcome perceived as negative by one or more stakeholders D. An intangible artefact produced as a result of a planned activity

Discussion 0

Correct Answer: B Vote an answer

Question 5

Which defines the inherent probability of a risk?

A. Effect of the risk on the activity after implementing a risk response B. Calculation of the timeframe and urgency of a risk prior to a risk response C. Likelihood of an issue occurring before implementing a risk response D. Chance of a risk occurring before implementing a risk response

Discussion 0

Correct Answer: D Vote an answer

Question 6

Which BEST describes an area of uncertainty at the operational perspective?

A. Opinions of stakeholders that may affect the organizational reputation B. Conflicts during the implementation of business strategy C. Capabilities of the infrastructure to deliver services D. Changes to the delivery schedule of business products

Discussion 0

Correct Answer: C Vote an answer

Question 7

Which is an M_o_R principle?

A. Embedding and reviewing B. Supports organizational performance C. Achieves measurable value D. Changes the culture of risk management

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Correct Answer: C Vote an answer

Question 8

Which is NOT a recommended risk response option for an 'opportunity'?

A. Reduce B. Transfer C. Share D. Enhance

Discussion 0

Correct Answer: A Vote an answer

Question 9

Which role provides sponsorship to ensure that risk management is embraced within the organization?

A. Manager B. Senior manager C. Assurance D. Risk specialist

Discussion 0

Correct Answer: B Vote an answer

EXIN Management of Risk Foundation - MORF Exam Practice Test