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EXIN Management of Risk Foundation Sample Questions:

1. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that organizations learn from their mistakes.

A) achieves measurable value
B) facilitates continual improvement
C) provides clear guidance
D) creates a supportive culture

2. What is the lack of senior management support a common barrier to?

A) Implementing the steps in the risk management process
B) Involving stakeholders in risk identification
C) Identifying key performance indicators
D) Developing a risk communications plan

3. Which is used to review how well an organization has embedded M_o_R?

A) Monetary benefit measurement
B) Early warning indicators
C) Risk improvement plan
D) Risk management health check

4. Which is a responsibility of the M_o_R assurance role?

A) Validate assessment of individual risks
B) Develop plans to improve risk management
C) Advise the senior team that the correct risk management roles exist
D) Ensure the availability of staff to implement the risk management strategy

5. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.

A) engages stakeholders
B) facilitates continual improvement
C) provides clear guidance
D) creates a supportive culture

Solutions: