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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the M_o_R manager role?

A) Ensures a risk review process is in operation
B) Prepares risk workshop materials
C) Define risk tolerance thresholds
D) Defines how much risk should be taken

2. Which does the SWOT analysis technique help to identify about an organization?

A) Stakeholder views
B) Corporate governance requirements
C) Internal strengths
D) Long-term trends

3. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Describe risks faced by the organization that may prevent an activity from succeeding
C) Define an activity's key performance indicators
D) Understand a stakeholder's view of an activity's risk profile

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

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

5. Which is a responsibility of the M_o_R senior team role?

A) Ensure adequate resources are available to implement the risk management strategy
B) Maintain ownership of the risk management policy
C) Develop plans to improve risk management
D) Ensure an escalation process is in place

Solutions: