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GAQM Certification
ISO-31000-CLA Exam
GAQM.ISO-31000-CLA.v2024-01-03.q34 Dumps

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Question 21

ISO 31000 is intended to be a family of standards relating to risk management codified by the ________.

A.OpenDocument
B.International Organization for Standardization
C.OpenSource
D.GlobalDocument

Correct Answer: B

Explanation
According to 1, ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization (ISO). It provides principles and guidelines on managing risks that could affect organizations.

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Question 22

__________ and___________ can result in artifacts and records.

A.RBPS, RBDM
B.DBMS, RDBMS
C.TDMS, VSMS
D.MOS, SMOS

Correct Answer: B

Explanation
DBMS (Database Management System) and RDBMS (Relational Database Management System) can result in artifacts and records1. These systems are used to store, organize, and manipulate data that can be used for risk management purposes.

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Question 23

ISO 31000:2018 currently has a tactical and process focus.

A.True
B.False

Correct Answer: B

Explanation
The ISO 31000:2018 standard provides a framework for risk management, with a focus on the strategic and integrated aspects of risk management. It outlines principles, a framework, and a process for managing risk in organizations of all kinds. The focus of the standard is on aligningrisk management with the organization's context, objectives, and strategy, and on integrating risk management into all aspects of an organization's governance, culture, and performance.

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Question 24

As part of the ISO 31000 risk management process, 'monitoring and review' is best thought of as which of the following?

A.An extra stage.
B.A feedback loop.
C.Part of risk assessment.

Correct Answer: B

Explanation
According to 3, clause 6.5., monitoring and review "is intended as a feedback loop for checking whether any change has occurred either internally or externally that may affect performance against objectives". It helps to ensure that the risk management process remains relevant and effective over time.

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Question 25

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

A.Extended risk management
B.Enhanced risk management
C.Evasive risk management
D.Avoidance risk management

Correct Answer: B

Explanation
Enhanced risk management ensures that uncertainty is managed so the organization can meet its objectives4.
Enhanced risk management involves applying a systematic and logical process to identify, analyze, evaluate, treat, monitor, review, and communicate risks.

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