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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which action is NOT needed in order for risk management to be effective?

A) Identify the risk
B) Assess the risk
C) Control the risk
D) Eliminate the risk

2. Which is a benefit of effective risk management?

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

3. Which describes the cause of a risk?

A) Impact of the risk on an activity
B) Likelihood of the risk occurring
C) Potential trigger point for a risk
D) Risk remaining after implementing a risk response

4. What is an opportunity?

A) An uncertain event that could have a favourable impact on objectives or benefits
B) An event that has occurred resulting in a negative impact on objectives or benefits
C) An event that has occurred resulting in a favourable impact on objectives or benefits
D) An uncertain event that could have a negative impact on objectives or benefits

5. What does a 'risk management strategy' describe?

A) Specific risk management practices that will be performed within an activity
B) Risk management policies that will be implemented throughout an organization
C) Series of steps needed to implement risk management
D) Processes required to improve risk management within an organization

Solutions: