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EXIN Management of Risk Foundation Sample Questions:

1. What is a 'central risk function'?

A) A group with formal responsibility for supporting strategic risk management
B) A group that acts on risks escalated from other perspectives
C) A group responsible for approving the funding for risk management
D) A group that may pose a risk to objectives through its opposition to plans

2. 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

3. 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

4. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Facilitates continual improvement
B) Informs decision-making
C) Achieves measurable value
D) Creates a supportive culture

5. Which is a responsibility of the team?

A) Develop the risk improvement plan
B) Run risk management workshops
C) Ensure adequate resources are available to implement the risk management strategy
D) Identify and escalate risks

Solutions: