Pass GAQM ISO-31000-CLA exam questions - convert Test Engine to PDF [Q40-Q55] : Free Exams Dumps Materials : http://exams.dumpsmaterials.com

Q40. A program officer and a security manager are planning a focus group discussion with community members on potential risks related to projects on female empowerment in local secondary schools. What is the best approach for them to take to define the context?

Discuss the role of girls and how they are viewed by community members.

Define gender equality in the school environment.

Review the roles of the humanitarian principles in relation to education.

Identify any increase of risk with the introduction of a female empowerment project.

Q41. Which of the following statement about operations risk management is incorrect?

Transparent and inclusive

Dynamic, iterative and responsive to change

Disregarding human factors

Capable of continual improvement and enhancement

Q42. Treatment plan becomes a living document of defining the direction of the risk treatment and being able to monitor progress against the plan.

True

False

Q43. Which of the following is a process with inputs, activities, and outcomes?

Risk management

Quality management

Financial management

Relations management

Q44. How many types of potential risk strategies exist?

2

3

4

5

Q45. New definition of risk under ISO 31000 and 31010 is:

Danger that injury, damage, or loss will occur

Possibility of investment loss

Probability of loss to an insurer

Probability of an event that will have an impact on objectives

Q46. Which of the following is an important aspect with stakeholders, customers, and interested parties is the essential element for maintaining the relevance of enhanced risk management within the structure of a changing context?

Interviews

Communication

Brainstorming

Session Storming

Q47. A systemic risk involves:

A risk that loss in one area of an organization may cause loss in another area of the organization

A risk that all of the current suppliers of an organization’s inputs will be unable to produce the inputs

A risk that an event will cause multiple key people in an organization to leave at once

A potential major disruption in the function of an entire market or financial system

Q48. Organizational information systems, information flows, and formal and informal decision-making processes are all a part of establishing which type of context in regard to the organization?

External

Technological

Local

Internal

Q49. Risk management as defined by OCEG GRC model is:

Capability to set and evaluate performance against objectives

Capability to proactively identify, assess and address uncertainty and potential obstacles to achieving objectives

Capability to proactively encourage and ensure compliance with established policies and boundaries

Q50. Risk management is systematic, structured, and timely.

True

False

Q51. Which of the following ensures that uncertainty is managed so the organization can meet its objectives?

Extended risk management

Enhanced risk management

Evasive risk management

Avoidance risk management

Q52. The accuracy and reliability of the risk assessment should be identified as clearly as possible.

True

False

Q53. An international bank has identified the risks associated with economic changes in the countries in which it operates. Which of the following correctly describes these risks?

Internal – Infrastructure.

External – Reputational.

External – Marketplace.

Q54. Which of the following are two ISO 31000:2018 risk management principles? (Choose two)

Integrated

Customized

Functional

Statistical

Design

Strategy

Q55. Enhanced risk management emphasizes the continual improvement of risk management capabilities.

True

False