Free EXIN MORF Exam Dumps Questions & Answers

What is corporate governance?

• A.  The systematic application of principles, an approach and a process to the tasks of managing risk
• B.  A plan for the fast and efficient resumption of essential business services
• C.  A sound system of internal control to ensure that effective management systems have been established to protect the organization
• D.  A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed

Identify the missing words in the following sentence.
The [ ? ] technique is used to measure the net effect of the threats and opportunities facing an activity.

• A.  summary risk profile
• B.  cost-benefit analysis
• C.  impact assessment
• D.  summary expected value assessment

Which role provides sponsorship to ensure that risk management is embraced within the organization?

• A.  Manager
• B.  Risk specialist
• C.  Assurance
• D.  Senior manager

Which is a responsibility of the team?

• A.  Ensure adequate resources are available to implement the risk management strategy
• B.  Identify and escalate risks
• C.  Run risk management workshops
• D.  Develop the risk improvement plan

What is risk exposure?

• A.  Combined effect of risks to a set of objectives
• B.  Maximum amount of risk that an organization can bear
• C.  System by which organizations are directed and controlled
• D.  Amount of risk the organization, or subset of it, is willing to accept