UPDATED [2023] Pass GAQM ISO-31000-CLA Exam in First Attempt Guaranteed [Q36-Q58]

NO.36 The Chief Risk Officer within a large manufacturing organisation has been asked by the Board of Directors to provide an example of a pure risk. A suitable example would be

NO.37 How does a pure risk differ from a speculative risk?

NO.38 Using the FIRM scorecard which of the following risks could a risk manager quantify?
1. Loss of income.
2. Financial gain.
3. Reputational damage.

NO.39 Risk management theory that considers an organization-wide approach to risk management is known as what type of approach?

NO.40 Which of the following statements does not apply to ISO 31000?

NO.41 Which of the following are ISO 31000:2009 Enhanced Risk Management attributes? (Choose two)

NO.42 Which of the following is described in terms of consequence and likelihood?

NO.43 Which of the following ensures that uncertainty is managed so the organization can meet its objectives?

NO.44 Where does an internal auditor typically spend most of his time auditing today?

NO.45 New definition of risk under ISO 31000 and 31010 is:

NO.46 A risk management professional advises management on the status of key risks by

NO.47 Treatment plan becomes a living document of defining the direction of the risk treatment and being able to monitor progress against the plan.

NO.48 An international bank has identified the risks associated with economic changes in the countries in which it operates. Which of the following correctly describes these risks?

NO.49 Enterprise Risk Management (ERM) is considered to have a significant difference compared with traditional risk management approaches because ERM

NO.50 Risk management as defined by OCEG GRC model is:

NO.51 Which of the following documents information are relevant to the organization’s risk management framework, process, and system?

NO.52 Which type of risk framework is expected to improve efficiency by aligning strategy, processes, technology and people?

NO.53 Risk management takes human and cultural factors into account.

NO.54 What is the role of risk management in the strategic planning process?

NO.55 A systemic risk involves:

NO.56 Which element is often the biggest challenge in risk implementation?

NO.57 From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

NO.58 ISO 31000:2018 offers a generic outline for the design of the risk management framework and process.