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Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?

A.

Risk evaluation

B.

Risk outsourcing

C.

Risk acceptance

D.

Risk avoidance

Which of the following step is a critical part of risk assurance?

A.

Evaluation Context

B.

Establishing Context

C.

Communication and Consultations

D.

Monitoring and Review

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? 

A.

Internal – Infrastructure.

B.

External – Reputational.

C.

External – Marketplace. 

Which of the following is considered a risk analysis technique?

A.

 Budget allocation

B.

Consensus building

C.

Insurance placement

D.

Monte Carlo simulation 

Which of the following is a major challenge in implementing the ISO 31000:2018 risk management framework?

A.

Scoping framework boundaries

B.

Improvement framework boundaries

C.

Design framework boundaries

D.

Strategic framework boundaries

Which of the following are Critical Elements of a Risk Management Framework? (choose four)

A.

Architect the system

B.

Design the system

C.

Strategize the system

D.

Implement the system

E.

Assure the system

F.

Organize the system

Risk management processes, outcomes, and activities should be _________.

A.

routable

B.

executable

C.

traceable

D.

rectifiable

Uncertainty leads to a changing context

A.

True

B.

False

Transparency and inclusiveness are key ISO 31000:2018 attributes.

A.

True

B.

False

Which of the following significant risks of reporting are outside the risk appetite of the organization  and can impact compliance, which may also be reportable to regulatory agencies? (Choose two)

A.

External

B.

Vision

C.

Internal

D.

Dynamic

E.

Functional