What is the goal of the ‘assess – estimate’ step?

January 31, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

What is the goal of the 'assess - estimate' step?A . Identify the threats and opportunities facing the organizational activityB . Estimate and agree the budget required to manage risks to the activityC . Assess...

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Which BEST describes an area of uncertainty at the operational perspective?

January 29, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Which BEST describes an area of uncertainty at the operational perspective?A . Changes to the delivery schedule of business productsB . Conflicts during the implementation of business strategyC . Capabilities of the infrastructure to deliver...

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Which is an M_o_R principle?

January 28, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Which is an M_o_R principle?A . Supports organizational performanceB . Achieves measurable valueC . Changes the culture of risk managementD . Embedding and reviewingView AnswerAnswer: B

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Which is NOT an action needed to achieve the goal of the ‘assess – evaluate’ step?

January 26, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?A . Determine which other risks will occur if a risk occursB . Calculate the total risk exposure for the...

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What is risk exposure?

January 24, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

What is risk exposure?A . Amount of risk the organization, or subset of it, is willing to acceptB . Maximum amount of risk that an organization can bearC . Combined effect of risks to a...

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Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?

January 20, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?A . Risk management strategyB . Risk management process guideC . Risk progress reportD . Risk management policyView AnswerAnswer:...

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Which is NOT a reason for carrying out an ‘M_o_R health check?

January 19, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Which is NOT a reason for carrying out an ‘M_o_R health check?A . Identify areas for improvementB . Help gain maximum value from investment in risk managementC . Provide a snapshot of the current status...

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Identify the missing word in the following sentence. The primary steps in the ‘MoR process’ are ‘implement’, identify’, [ ? ] and assess’.

January 17, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.A . performB . recordC . planD . manageView AnswerAnswer: C

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What ensures that an organization’s implementation of the M_o_R approach’ and ‘M_o_R process’ undergoes frequent improvement to remain effective?

January 17, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?A . Corporate governanceB . Internal controlsC . Embedding and reviewingD . Contingency planningView AnswerAnswer: C

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What step is used to determine the time period when a risk might occur?

January 15, 2021PdfprepMORFEXIN Foundation, MORF exam questions, MORF practice exam

What step is used to determine the time period when a risk might occur?A . Identify - risksB . Assess - estimateC . Assess - evaluateD . Identify C contextView AnswerAnswer: B

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