
21 RMC
Quiz
•
Other
•
Professional Development
•
Hard
Remil Yabut
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does RASP stand for in the context of risk management?
Risk Assessment and Security Protocol
Risk Architecture, Strategy, and Protocols
Risk Analysis and Strategic Planning
Risk Allocation and Safety Procedures
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to British Standard BS 31100, what should be included in the risk management framework?
Risk assessment procedures and control objectives
Risk response plans and improvement recommendations
Objectives, mandate, and commitment to manage risk
Event reports and monitoring reports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most important component of the Risk Management Policy?
Risk performance and monitoring reports
Risk management policy statement
Risk management roles and responsibilities
Risk assessment procedures
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Risk Architecture in an organization?
To set out lines of communication for reporting on risk management issues
To establish risk management responsibilities
To define the risk management strategy
To produce risk management guidelines
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for an organization to update the risk management manual annually?
To align risk management activities with current best practice
To reduce the burden of record-keeping
To avoid cooperation between risk management and internal audit
To eliminate the need for risk registers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a risk register in an organization?
To set out lines of communication for reporting on risk management issues
To establish risk management responsibilities
To record information on current controls and intended additional controls
To define the risk management strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between Risk Management and Internal Audit?
Both focus on risk assessment and identification
Successful implementation requires close cooperation and understanding
Internal Audit evaluates controls while Risk Management tests efficiency
Internal Audit identifies risks while Risk Management implements controls
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