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EXIN Management of Risk Foundation Sample Questions:

1. Which statement describes the'avoid a threat' risk response option?

A) Partake in a pain/gain contract with another party for the specified risk
B) Remove the cause of the threat
C) Perform an action to minimise the impact of the risk should it occur
D) Obtain an insurance policy to cover the impact should the risk occur

2. What step is used to determine the likelihood of a risk occurring?

A) Assess - evaluate
B) Identify - risks
C) Assess - estimate
D) Identify-context

3. Which is an M_o_R principle?

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

4. Which is a purpose of the risk management process guide?

A) Explain how risk management practices will be implemented throughout an organization
B) Explain how the risk management steps will be carried out across the organization
C) Describe the steps required to improve the level of risk management within an organization
D) Describe the specific risk management activities that will be performed on a particular organizational activity

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

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

Solutions: