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

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Total 100 questions
Question 1

Risk management is a strategic management process.



Answer : A

Risk management is a strategic management process2. Risk management helps organizations to align their objectives, strategies, and actions with their external and internal environment.


Question 2

Risk management takes human and cultural factors into account.



Answer : A

Risk management takes human and cultural factors into account1. Human factors include perception, judgment, behavior, and communication that influence risk management. Cultural factors include values, beliefs, norms, and expectations that shape the organization's risk culture.


Question 3

Which of the following is a process with inputs, activities, and outcomes?



Answer : A

Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization's context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.


Question 4

Which of the followingis a process with inputs, activities, and outcomes?



Answer : D

Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization's context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.


Question 5

Which of the following is becoming the basis for all decision making?



Answer : A

Risk management is becoming the basis for all decision making2. Risk management helps organizations to identify opportunities and threats, evaluate alternatives, and make informed choices.


Question 6

ISO uses the concept of uncertainty as the driver and rationale for risk management.



Answer : A

ISO uses the concept of uncertainty as the driver and rationale for risk management. Uncertainty refers to the state of having incomplete knowledge or understanding about something that can affect an organization's objectives.


Question 7

Which of the following consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries?



Answer : C

ISO 31000:2018 consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries23. It provides guidelines on managing any type of risk faced by organizations.


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Total 100 questions