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  • Shiela Caber

  • 問題数 58 • 12/2/2024

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    問題一覧

  • 1

    Which organization defines risk as 'effect of uncertainty on objectives'?

    ISO Guide 73

  • 2

    What type of risk refers to events with only negative consequences

    Hazard Risk

  • 3

    Which of the following is not a primary classification of risks?

    strategic risk

  • 4

    According to ISO guide 73, what term is used instead of 'frequency' in risk matrices?

    likelihood

  • 5

    In which situation is the term 'magnitude' used in the risk matrix?

    as a measure of inherent level of a risk before controls

  • 6

    Which is a consequence appealing to manage compliance risks in regulated sectors?

    reputation damage

  • 7

    Control risks are most closely associated with which type of management?

    project management

  • 8

    In the bow tie representation of risk management what does the knot represent?

    the risk event

  • 9

    Which approach to risk management focuses on the key dependencies of an organization?

    Dependencies -driven approach

  • 10

    The ISO 31000; standard emphasizes but key aspect of risk management?

    integrated risk management across all sectors of an organization

  • 11

    What is the primary goal of enterprise risk management (ERM)?

    holistic management of business risks

  • 12

    In a risk matrix how is the term impact different from magnitude

    impact represents overall risk to the organization magnitude measures event size before controls

  • 13

    What is the primary purpose of the bow tie analysis in risk management

    to plan response before and after a risk event

  • 14

    What is a key feature of an ERM system?

    A continuous, ongoing process of risk identification and mitigation

  • 15

    Which of the following is not a key element of the ERM process?

    Risk elimination

  • 16

    What type of risk has immediate consequences on organizational operations?

    Short-term risks

  • 17

    The term 'consequences' in a risk analysis context refers to:

    The financial loss caused by a risk event

  • 18

    Which method is commonly used to summarize an organization's risk profile?

    Risk matrix

  • 19

    Which risk is most closely associated with changes in market conditions?

    Opportunity Risk

  • 20

    What element is added to risk assessment when using a matrix?

    Impact and probability

  • 21

    Which risk classification system focuses on the origin of the risk?

    Hazard risks

  • 22

    What classification does the Institute of Internal Auditors (IIA) use to define risk?

    Uncertainty of events affecting objectives

  • 23

    Which risk category focuses on legal responsibilities?

    Compliance risks

  • 24

    Which of the following is not an example of a control risk?

    Legal penalties due to non-compliance

  • 25

    What should be considered in opportunity risk management?

    Balancing risk with potential financial gains

  • 26

    Which of the following statements best describes 'hazard risks'?

    Risks that can only result in negative outcomes

  • 27

    Which category of risk would theft in an organization typically fall under?

    Hazard Risk

  • 28

    According to the Institute of Risk Management (IRM), risk is best defined as the:

    Impact of uncertainty on objectives

  • 29

    The ISO 31000:2018 standard emphasizes which of the following risk management approaches?

    Strict compliance focus

  • 30

    What is one of the critical differences between control risks and hazard risks?

    Hazard risks are purely negative, whereas control risks are focused on managing uncertainty.

  • 31

    In the context of risk management, what is meant by the term 'risk appetite'?

    The level of risk an organization is willing to tolerate

  • 32

    What concept in risk management addresses an organization's preparedness for unexpected negative events?

    Disaster recovery planning

  • 33

    In risk management, 'tolerate' refers to:

    Accepting the risk and being prepared for its consequences

  • 34

    Which of the following describes 'speculative risks?

    Risks that result in variable outcomes, including potential opportunities

  • 35

    Which event is an example of a control risk?

    The unpredictable delivery time of a critical project

  • 36

    Which of the following best describes the main function of the risk matrix in an organization?

    Evaluating both the likelihood and impact of risk events

  • 37

    What factor is least likely to affect an organization's risk classification system?

    The cost of implementing the risk management strategy

  • 38

    Which of the following risk types is not directly related to organizational compliance?

    Staff turnover

  • 39

    In risk classification, which aspect should organizations primarily consider to choose an effective risk classification system?

    Size and scope of the organization's activities

  • 40

    Which of the following classifications would most likely include unpredictable events such as natural disasters?

    Hazard Risks

  • 41

    Which of the following is a core activity in risk analysis and evaluation?

    Banking risks based on their magnitude and financial exposure

  • 42

    Which risk prioritization tool is commonly used to visually represent risk severity and likelihood?

    Risk matrix

  • 43

    The application of a 'gross risk' matrix focuses on

    Inherent risks before applying any controls

  • 44

    What does the vertical axis on a risk matrix typically represent when analyzing inherent risk'?

    Impact

  • 45

    What method is best used to reduce the impact of a high-magnitude risk before its occurrence?

    Preventative measures through controls

  • 46

    Which risk management strategy involves shifting the burden of risk to another party?

    Transfer

  • 47

    In the context of risk management, what is the purpose of 'reaction planning"?

    Preparing actions to minimize risk consequences after occurrence

  • 48

    Which tool helps frame responses to risk by evaluating both preventative and post-event actions?

    Bow-tie analysis

  • 49

    Which of the following is least likely to be classified as a compliance risk?

    Introduction of a new product line

  • 50

    Which of the following is NOT one of the six OECD Principles of Corporate Governance?

    Maximizing shareholder wealth

  • 51

    What is the primary challenge of risk governance in the 21st century?

    Governance mechanisms lagging behind technological and social change

  • 52

    In risk assurance, the primary purpose of assurance services is to:

    Reduce information risk by providing independent professional opinions.

  • 53

    Operational risk management excludes which of the following?

    Strategic risk

  • 54

    In effective risk reporting, what is the purpose of using a risk heat map?

    To visually represent risks based on their likelihood and impact.

  • 55

    What is a major benefit of regular risk reporting?

    Aligns business strategies with identified risk tolerances.

  • 56

    The "Green Halo Effect" in risk governance refers to:

    The perception of superior quality associated with environmentally friendly practices.

  • 57

    Which of the following techniques helps organizations understand the potential future outcomes of identified risks?

    Scenario Analysis

  • 58

    10. In the context of operational risks, which factor is most likely to be tied to automation and artificial Intelligence?

    Technology risks