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EXIN Management of Risk Foundation Sample Questions:

1. What does a 'risk management strategy' describe?

A) Specific risk management practices that will be performed within an activity
B) Series of steps needed to implement risk management
C) Processes required to improve risk management within an organization
D) Risk management policies that will be implemented throughout an organization

2. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?

A) Risk capacity
B) Risk perception
C) Risk appetite
D) Risk tolerance

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

A) clear guidance for managers and staff
B) a high-risk appetite
C) appropriate responses to risks
D) an assigned risk owner

4. Which is an M_o_R principle?

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

5. What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?

A) Engages stakeholders
B) Aligns with objectives
C) Achieves measurable value
D) Fits the context

Solutions: