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EXIN Management of Risk Foundation Sample Questions:

1. Which information does the 'PESTLE analysis' technique help to discover?

A) Future developments that are at the margins of current thinking and planning
B) Identification of who should communicate with key stakeholders involved in an activity
C) External factors that may have an impact on an activity
D) Risks identified on previous similar activities

2. What defines the threshold levels of risk exposure that when exceeded will trigger a response?

A) Risk appetite
B) Risk capacity
C) Risk perception
D) Risk tolerance

3. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that organizations learn from their mistakes.

A) provides clear guidance
B) facilitates continual improvement
C) creates a supportive culture
D) achieves measurable value

4. Which defines the inherent probability of a risk?

A) Chance of a risk occurring before implementing a risk response
B) Calculation of the timeframe and urgency of a risk prior to a risk response
C) Effect of the risk on the activity after implementing a risk response
D) Likelihood of an issue occurring before implementing a risk response

5. Which task will be carried out while performing the 'identify - risks' step?

A) Developing an appropriate response to the identified risks
B) Ensuring that all participants agree on the identified risks
C) Calculating when an identified risk is likely to occur
D) Ranking the importance of the stakeholders involved in the activity

Solutions: