OCEG GRCP GRC Professional Certification Exam Exam Practice Test Questions

• Question 1

  Why is continual improvement considered a hallmark of a mature and high-performing capability and organization?

  • Because it increases the organization's market share.
  • Because it enables the capability and organization to evolve and enhance total performance.
  • Because it ensures compliance with regulatory requirements.
  • Because it reduces the likelihood of employee turnover.

  Show Answer Answer: B Next

• Question 2

  The difference between the current skill level and the target skill level is referred to as?

  • Learning Objective
  • Educational Needs
  • Skill Gap
  • Skill Set

  Show Answer Answer: C Next

• Question 3

  What is the role of key performance indicators (KPIs)?

  • KPIs are subjective measures that are not based on any specific metrics or data
  • KPIs are indicators that help govern, manage, and provide assurance about performance related to an objective
  • KPIs are only relevant for external reporting and have no impact on internal decision-making
  • KPIs are used to determine employee compensation and bonuses

  Show Answer Answer: B Next

• Question 4

  What is the duality of compliance, and how does it relate to risk?

  • The duality of compliance refers to the distinction between domestic and international regulations that an organization must follow.
  • The duality of compliance refers to the trade-off between investing in compliance measures and allocating resources to other business areas.
  • The duality of compliance involves addressing both compliance with obligations and compliance- related risks. Compliance involves meeting mandatory and voluntary obligations, while compliance- related risks involve addressing the risk of negative outcomes associated with non-compliance.
  • The duality of compliance refers to the balance between financial gains and ethical considerations in business decisions.

  Show Answer Answer: C Next

• Question 5

  What does it mean for an organization to "sense" its external context?

  • To make sense of the changes that are tracked in the external context to determine impact on the organization
  • To evaluate the effectiveness of the organization’s monitoring of the external environment
  • To continually watch for and make sense of changes in the external context that may have a direct, indirect, or cumulative effect on the organization and to notify appropriate personnel and systems
  • To use qualitative methods of monitoring the organization’s external context based on experience
  • And intuition

  Show Answer Answer: C Next