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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 16

What does the probability of occurrence multiplied by the impact of the event, equals to

Correct Answer: D
Explanation
According to , page 13-14, probability multiplied by impact equals risk magnitude which is "a measure that reflects both likelihood and consequences". It can be used as an indicator for prioritizing risks.
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Question 17

Hopkin states "most standard definitions of risk refer to risks being attached to corporate objectives". What is another important factor to consider when linking risk to an organisation?

Correct Answer: A
Explanation
According to 1, page 11, core processes are "the activities that an organization performs in order to deliver its products or services". They are essential for achieving the organization's objectives and creating value for its stakeholders. Therefore, core processes should be considered when linking risk to an organization.
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Question 18

Risk management processes, outcomes, and activities should be _________.

Correct Answer: C
Explanation
Risk management processes, outcomes, and activities should be traceable . This means that there should be a clear record of how risks were identified, analyzed, evaluated, treated, monitored, reviewed, and communicated.
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Question 19

Which ISO Standard is used for hazard identification and risk assessment?

Correct Answer: B
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Question 20

Which management ensures that value is created by identifying opportunities for investment, mergers, or acquisition.

Correct Answer: A
Explanation
Risk management ensures that value is created by identifying opportunities for investment, mergers, or acquisition. Risk management helps to assess the potential benefits, costs, and risks of different options and make informed decisions.
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