EXIN Management of Risk Foundation - MORF FREE EXAM DUMPS QUESTIONS & ANSWERS

A. Revise risk descriptions as necessary B. Identify risk owners C. Record identified risks D. Update the residual risk exposure

A. Fits the context B. Engages stakeholders C. Aligns with objectives D. Informs decision-making

A. An Issue is a risk that has occurred, a risk is yet to occur B. An issue impacts on quality, a risk impacts on benefits C. An issue has a short time-scale proximity and risk has medium- or long-term proximity D. A risk can impact on all activities, an issue impacts on project deliverables only

A. strategic B. operational C. programme D. project

A. Audit committee B. Senior team C. Risk owner D. Team

A. Estimating the market share of competitors B. Informing of the status of the risks facing an activity C. Examining regulatory and corporate governance requirements D. Identifying future developments that are at the margins of current thinking

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

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

A. Statements of internal control B. Basel Accord (Basel II) C. International standard for risk management ISO31000:2009 D. Public Company Accounting and Reform and Investor Protection Act

A. engages stakeholders B. provides clear guidance C. facilitates continual improvement D. creates a supportive culture