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Good News !!! ISO-31000-CLA ISO 31000 - Certified Lead Risk Manager is now Stable and With Pass Result

ISO-31000-CLA Practice Exam Questions and Answers

ISO 31000 - Certified Lead Risk Manager

Last Update 4 days ago
Total Questions : 100

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Question # 1

The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations.

Options:

A.  

True

B.  

False

Discussion 0
Question # 2

As part of the ISO 31000 risk management process, ‘monitoring and review’ is best thought of as which of the following? 

Options:

A.  

An extra stage. 

B.  

A feedback loop.

C.  

Part of risk assessment.

Discussion 0
Question # 3

Which step is the risk process steps to manage, control, or remediate risk?

Options:

A.  

Risk avoidance

B.  

Risk identification

C.  

Risk evaluation

D.  

Risk treatment

Discussion 0
Question # 4

Which of the following is described in terms of consequence and likelihood?

Options:

A.  

Level of risk

B.  

Level of crisis

C.  

Level of uncertainty

D.  

Level of cohesiveness

Discussion 0
Question # 5

Transparency and inclusiveness are key ISO 31000:2018 attributes.

Options:

A.  

True

B.  

False

Discussion 0
Question # 6

Which of the following are ISO 31000:2009 Enhanced Risk Management attributes? (Choose two)

Options:

A.  

Full accountability for risk controls and treatment

B.  

Solution offering

C.  

Decision making involves risk

D.  

Crisis management and process attributes

Discussion 0
Question # 7

After validating the training curricula, a risk management professional

Options:

A.  

develops training.

B.  

develops and schedules training.

C.  

matches training to audience.

D.  

schedules and conducts training.

Discussion 0
Question # 8

A broker is undertaking a business interruption review on behalf of a client. This would most commonly include an evaluation of the

Options:

A.  

effectiveness of a business continuity plan.

B.  

effectiveness of risk reserving.

C.  

level of risk tolerance.

D.  

level of self insurance.

Discussion 0
Question # 9

What could a financial organisation make primary use of, to assess whether its risk management systems are likely to fail?

Options:

A.  

Key control indicators.

B.  

Key risk indicators.

C.  

Silo-based risk management.

D.  

Physical inspections.

Discussion 0
Question # 10

The risk management landscape has changed dramatically in recent history because of changes in all but which of the above? 

Options:

A.  

Technology

B.  

Globalization 

C.  

Global warming 

D.  

Finance

Discussion 0
Question # 11

Records and reports provide a continuing account of the risk management system.

Options:

A.  

True

B.  

False

Discussion 0
Question # 12

Which element is often the biggest challenge in risk implementation?

Options:

A.  

human

B.  

computation

Discussion 0
Question # 13

Treatment plan becomes a living document of defining the direction of the risk treatment and being able to monitor progress against the plan.

Options:

A.  

True

B.  

False

Discussion 0
Question # 14

What is the role of risk management in the strategic planning process?

Options:

A.  

Challenge the decisions made.

B.  

Develop risk treatment plans.

C.  

Draft the decisions to be made.

D.  

Identify threats and opportunities.

Discussion 0
Question # 15

What does the probability of occurrence multiplied by the impact of the event, equals to

Options:

A.  

Risk Tangent 

B.  

Risk Scale

C.  

Risk Level 

D.  

Risk Magnitude

Discussion 0
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