GAQM ISO-31000-CLA ISO 31000 - Certified Lead Risk Manager Exam Exam Practice Test Questions

• Question 1

  Enhanced risk management emphasizes the continual improvement of risk management capabilities.

  • True
  • False

  Show Answer Answer: A Next

• Question 2

  How does a pure risk differ from a speculative risk?

  • A pure risk always has an environmental cause whereas a speculative risk always involves human error.
  • A pure risk can be measured in probability terms whereas a speculative risk cannot.
  • A pure risk is not subject to regulatory control but a speculative risk always is.
  • A pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

  Show Answer Answer: D Next

• Question 3

  Who is expected to take a more focused oversight role with respect to risk management control and governance process?

  • Internal auditors
  • External auditors
  • Audit committee
  • None of the above

  Show Answer Answer: A Next

• Question 4

  Which activity does the risk management professional perform immediately after obtaining internal and external information about the organization?

  • Analyze the information.
  • Organize the information
  • Prioritize the information
  • Report the information.

  Show Answer Answer: B Next

• Question 5

  Which step is the risk process steps to manage, control, or remediate risk?

  • Risk avoidance
  • Risk identification
  • Risk evaluation
  • Risk treatment

  Show Answer Answer: D Next