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Master GAQM ISO-31000-CLA Exam with Reliable Practice Questions

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Last exam update: Nov 13,2024
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Question 1

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


Correct : D

Monitoring and review is a critical part of risk assurance5. This step involves checking whether the risk management framework, policy, and plan are implemented, whether they remain suitable, and whether they need improvement.


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Question 2

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


Correct : C

Risk management processes, outcomes, and activities should be traceable5. This means that there should be a clear record of how risks were identified, analyzed, evaluated, treated, monitored, reviewed, and communicated.


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Question 3

__________ and___________ can result in artifacts and records.


Correct : B

DBMS (Database Management System) and RDBMS (Relational Database Management System) can result in artifacts and records1. These systems are used to store, organize, and manipulate data that can be used for risk management purposes.


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Question 4

Which of the following documents information are relevant to the organization's risk management framework, process, and system?


Correct : B

Recording and reporting documents information that are relevant to the organization's risk management framework, process, and system2. These activities help to provide evidence, feedback, learning, and improvement for risk management.


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Question 5

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


Correct : A

Records and reports provide a continuing account of the risk management system2. They help to monitor and review the performance and effectiveness of risk management.


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