EXIN Exin Certification EX0-004

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EXIN Management of Risk Foundation Sample Questions:

1. Which is a goal of the 'assess - evaluate' step?

A) Evaluate the net cost of planned risk responses
B) Evaluate the impact, probability and how soon risks might occur
C) Calculate the net effect of risks facing the activity
D) Assess and evaluate the effectiveness of procedures for managing risks

2. Which step has a goal of checking the success of risk responses?

A) Assess - evaluate
B) Assess-estimate
C) Implement
D) Plan

3. Which is NOT a use of the 'SWOT analysis' technique?

A) Create an understanding of a current market position
B) Provide an internal and external environmental analysis when used with other techniques
C) Identify long-term developments that could affect the organization's objectives
D) Identify external factors that may have an effect on the organization's objectives

4. What are the M_o_R principles informed by?

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

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

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

Solutions:

Question # 1 Answer: C

Question # 2 Answer: C

Question # 3 Answer: C

Question # 4 Answer: C

Question # 5 Answer: C