EXIN Management of Risk Foundation : EX0-004

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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which is a use of the 'SWOT analysis' technique?

A) Identifying future developments that are at the margins of current thinking
B) Informing of the status of the risks facing an activity
C) Estimating the market share of competitors
D) Examining regulatory and corporate governance requirements

2. What objectives are associated with decisions on risks to the achievement of long-term goals?

A) Project
B) Strategic
C) Operational
D) Programme

3. Which is a goal of the 'plan' process step?

A) Agree the timing of the risk communications plan
B) Understand an activity's pre-response risk exposure
C) Choose appropriate actions to deal with risks
D) Set the risk tolerance of an activity

4. What principle is supported by early warning indicators?

A) Informs decision-making
B) Engages stakeholders
C) Fits the context
D) Aligns with objectives

5. Which is a benefit of effective risk management?

A) Staff members are better prepared to respond to incidents
B) Removes the organization's need to take risks
C) Activity plans are agreed before the activity commences
D) Guarantees business benefits will be delivered

Solutions: