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MORF Exam Dumps - Management of Risk Foundation

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Question # 9

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

A.

achieves measurable value

B.

provides clear guidance

C.

creates a supportive culture

D.

facilitates continual improvement

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Question # 10

Which effect on the organization's objectives could the PESTLE analysis technique help to identify

A.

Risk exposure trends

B.

Current external factors

C.

Long-term developments

D.

Internal strengths

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Question # 11

What document separately describes the steps required to implement risk management within an organization?

A.

Risk management policy

B.

Risk management process guide

C.

Risk management strategy

D.

Business continuity plan

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Question # 12

Which is a purpose for an ‘M_o_R health check’?

A.

Review how well risk management practices have been embedded

B.

Examine future developments that may affect an organization's level of exposure to risk

C.

Provide a snapshot of the current status of identified risks

D.

Identify individuals or groups of individuals that have an interest in an organizations planned activity

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Question # 13

Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A.

Aligns with objectives

B.

Fits the context

C.

Informs decision-making

D.

Provides clear guidance

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Question # 14

Which can be used to measure the impact a risk management awareness programme has on an organization?

A.

Gateway reviews

B.

Benchmarking

C.

Risk questionnaires

D.

Brainstorming

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Question # 15

What are the M_o_R principles informed by?

A.

Corporate governance principles

B.

Statement of internal control

C.

M_o_R approach

D.

Basel II

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Question # 16

What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A.

Informs decision making

B.

Facilitates continual improvement

C.

Achieves measurable value

D.

Provides clear guidance

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