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EXIN Management of Risk Foundation Sample Questions:

1. Which describes the threat response option 'accept the risk'?

A) Carry out an action to make the uncertain situation certain
B) Take no action except monitor the risk to ensure it remains tolerable
C) Partake in a pain/gain contract with another party for the specified risk
D) Perform an action to minimize the impact of the risk should it occur

2. Which is provided by the 'M_o_R principles'?

A) Design for an organization's corporate governance policy
B) Inputs, outputs, tasks and techniques needed to implement risk management
C) Criteria used to measure the development of risk management
D) Guidance for the design of a risk management approach

3. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Aligns with objectives
B) Fits the context
C) Provides clear guidance
D) Informs decision-making

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

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

5. Which is a goal of the 'plan' process step?

A) Understand an activity's pre-response risk exposure
B) Agree the timing of the risk communications plan
C) Choose appropriate actions to deal with risks
D) Set the risk tolerance of an activity

Solutions: