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  1. Home
  2. GAQM Certification
  3. ISO-31000-CLA Exam
  4. GAQM.ISO-31000-CLA.v2024-01-03.q34 Dumps
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Question 1

How many risk management principles exists ISO 31000:2018?

Correct Answer: C
Explanation
There are nine risk management principles in ISO 31000:2018. These principles are:
* Integrated
* Structured and comprehensive
* Customized
* Inclusive
* Dynamic
* Best available information
* Human and cultural factors
* Continual improvement
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Question 2

From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

Correct Answer: C
Explanation
According to 1, page 9, pure risk is "a situation where there are only two possible outcomes: loss or no loss".
Buying lottery tickets and selling a house are examples of speculative risk, where there is a possibility of gain or loss. Going horse riding without a helmet is an example of pure risk, where there is only a possibility of loss (injury) or no loss.
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Question 3

Risk management takes human and cultural factors into account.

Correct Answer: A
Explanation
Risk management takes human and cultural factors into account . Human factors include perception, judgment, behavior, and communication that influence risk management. Cultural factors include values, beliefs, norms, and expectations that shape the organization's risk culture.
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Question 4

Which of the following is the current trend in auditing, risk management and compliance?

Correct Answer: C
Explanation
According to 3, page 6, one of the current trends in auditing, risk management and compliance is "moving from a back-office function providing lagging indicators about risk (e.g., audit findings) to a front-office function providing leading indicators about risk (e.g., key risk indicators)".
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Question 5

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?

Correct Answer: A
Explanation
According to , page 9, defining the context involves "understanding what influences people's perception and tolerance of risks". Discussing how girls are viewed by community members can help identify potential sources of resistance, conflict or violence that may affect the project's objectives and outcomes.
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