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NO.1 Which is a purpose for carrying out an 'M_o_R health check'?
A. Provide a snapshot of the current status of identified risks
B. Review how well risk management practices have been embedded
C. Examine future developments that may affect an organization's level of exposure to risk
D. Identify the number of risks emerging in different risk categories
Answer: B
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NO.2 Which effect on the organization's objectives could the PESTLE analysis technique help to
identify
A. Risk exposure trends
B. Current external factors
C. Long-term developments
D. Internal strengths
Answer: B
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NO.3 Which specialism has been developed to offer business as usual in the quickest possible time
in the event of an emergency?
A. Incident and crisis management
B. Business continuity management
C. Health and safety management
D. Reputational risk management
Answer: B
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NO.4 Which is NOT a recommended risk response option for an 'opportunity'?
A. Enhance
B. Transfer
C. Share
D. Reduce
Answer: D
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NO.5 What is the goal of the 'assess - estimate' step?
A. Identify the threats and opportunities facing the organizational activity
B. Estimate and agree the budget required to manage risks to the activity
C. Assess the effectiveness of the risk management processes within an organization
D. Determine the risks with the greatest effect on an activities objectives
Answer: D
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NO.6 Which is a method for obtaining senior management commitment and support for
understanding and managing risk?
A. Developing management of risk guidance handbooks and training materials
B. Ensuring the risk management function has a direct reporting line to a senior executive
C. Escalating risks from the programme, project or operational perspectives to higher levels as
required
D. Making formal assessments of management of risk implementation in areas of concern
Answer: B
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NO.7 Identify the missing words in the following sentence. Because organizations [ ? ] they need to
use the environmental risk management' specialism.
A. are concerned about stakeholder perceptions
B. see brand and reputation as key assets
C. face financial penalties for polluting waterways
D. fail to deliver minimum standards
Answer: C
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NO.8 Which is a definition of a risk maturity model?
A. A framework of mature practices for appraising an organization's risk management competency
B. A tool for checking the health of current risk management
C. An assessment of an organization's risk management practice
D. A self-assessment check that the principles have been applied well
Answer: A
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