GAQM ISO-31000-CLA Quiz:1 Topic:6 Questions:1-5

Free Practice Mock Questions Set 1-5 (Quiz # 1) for GAQM ISO-31000-CLA Exam, according to official GAQM ISO 31000 - Certified Lead Risk Manager exam syllabus topic # 6

Question: 1

Which of the following are Critical Elements of a Risk Management Framework? (choose four)

AArchitect the system

BDesign the system

CStrategize the system

DImplement the system

EAssure the system

FOrganize the system

Answer : B, D, E, F

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Question: 2

A risk management professional advises management on the status of key risks by

Aannually identifying the inventory of risks.

Bproviding information about competitors' risk management plan.

Cproviding insights into the changing characteristics of a risk.

Dsummarizing internal audit reports.

Answer : C

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Question: 3

How many types of potential risk strategies exist?

Answer : C

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Question: 4

Enterprise Risk Management (ERM) is considered to have a significant difference compared with traditional risk management approaches because ERM

Aensures that an organisation's objectives will be achieved.

Btakes an integrated or holistic approach.

Caddresses strategic, tactical and operational risk management.

Answer : B

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Question: 5

Which of the following are two ISO 31000:2018 risk management principles? (Choose two)

AIntegrated

BCustomized

CFunctional

DStatistical

EDesign

FStrategy

Answer : A, B

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Quiz 1

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