RIMS-CRMP
Study online at https://quizlet.com/_gar2i1
1. A business model is a set of assumptions about the D. way an organiza-
______ tion creates value
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. way an organization creates value
2. What two analytical tools are particularly useful in D. Value chain
analyzing the business model? analysis and
benchmarking
A. Key performance indicators and total cost of risk
B. Key risk indicators and gap analysis
C. Pareto analysis and root cause analysis
D. Value chain analysis and benchmarking
3. Risk management professionals conduct sup- D. potential vulner-
ply-chain analyses to identify _______________ . abilities to the orga-
nization
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization
4. Which activity does the risk management profession- B. organize the in-
al perform immediately after obtaining internal and formation
external information about the organization?
A. analyze the information
B. organize the information
C. prioritize the information
D. report the information
5. Which risk identification and analysis technique C. workshops
should a risk management professional use in order
to gather information from multiple departments in a
brainstorming session that helps to identify shared
risks within an organization?
, RIMS-CRMP
Study online at https://quizlet.com/_gar2i1
A. checklists
B. flowcharts
C. workshops
D. questionnaires
6. When analyzing an organization's value chain, which D. outbound logis-
of the following would be considered a primary activ- tics
ity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics
7. The organization's resources and internal support B. inputs in the de-
are ________ the risk management strategy. velopment of
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of
8. When defining the success measures for the orga- A. a review of the
nization's risk strategy, the risk management profes- goals and objec-
sional will include which of the following steps? tives of the risk
strategy
A. a review of the goals and objectives of the risk
strategy
B. a selection of appropriate media for communicat-
ing the risk strategy
C. an analysis of the organization's total cost of in-
surable risk
D. the development of timelines for implementing the
risk strategy
9. Which of the following BEST guides an organiza- C. risk strategy ap-
tion's risk management decision-making process? proach
A. risk financing opportunities
B. risk retention levels
, RIMS-CRMP
Study online at https://quizlet.com/_gar2i1
C. risk strategy approach
D. risk treatment options
10. An effective risk communication strategy requires C. media channels
the selection of appropriate _______________ .
A. coaches
B. data points
C. media channels
D. metrics
11. Which of the following is considered a risk analysis D. Monte Carlo sim-
technique? ulation
A. budget allocation
B. consensus building
C. insurance placement
D. Monte Carlo simulation
12. When an operational area develops a treatment for a D. evaluate the im-
critical risk, the risk management professional MUST pact upon other ar-
_______________ . eas
A. add the risk to the risk map
B. communicate the treatment plan directly with in-
ternal audit
C. evaluate the dollar savings associated with the
treatment
D. evaluate the impact upon other areas
13. A risk management professional advises manage- C. providing in-
ment on the status of key risks by _______________ sights into the
. changing charac-
teristics of a risk
A. annually identifying the inventory of risks
B. providing information about competitors' risk
management plan
C. providing insights into the changing characteris-
tics of a risk
D. summarizing internal audit reports
Study online at https://quizlet.com/_gar2i1
1. A business model is a set of assumptions about the D. way an organiza-
______ tion creates value
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. way an organization creates value
2. What two analytical tools are particularly useful in D. Value chain
analyzing the business model? analysis and
benchmarking
A. Key performance indicators and total cost of risk
B. Key risk indicators and gap analysis
C. Pareto analysis and root cause analysis
D. Value chain analysis and benchmarking
3. Risk management professionals conduct sup- D. potential vulner-
ply-chain analyses to identify _______________ . abilities to the orga-
nization
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization
4. Which activity does the risk management profession- B. organize the in-
al perform immediately after obtaining internal and formation
external information about the organization?
A. analyze the information
B. organize the information
C. prioritize the information
D. report the information
5. Which risk identification and analysis technique C. workshops
should a risk management professional use in order
to gather information from multiple departments in a
brainstorming session that helps to identify shared
risks within an organization?
, RIMS-CRMP
Study online at https://quizlet.com/_gar2i1
A. checklists
B. flowcharts
C. workshops
D. questionnaires
6. When analyzing an organization's value chain, which D. outbound logis-
of the following would be considered a primary activ- tics
ity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics
7. The organization's resources and internal support B. inputs in the de-
are ________ the risk management strategy. velopment of
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of
8. When defining the success measures for the orga- A. a review of the
nization's risk strategy, the risk management profes- goals and objec-
sional will include which of the following steps? tives of the risk
strategy
A. a review of the goals and objectives of the risk
strategy
B. a selection of appropriate media for communicat-
ing the risk strategy
C. an analysis of the organization's total cost of in-
surable risk
D. the development of timelines for implementing the
risk strategy
9. Which of the following BEST guides an organiza- C. risk strategy ap-
tion's risk management decision-making process? proach
A. risk financing opportunities
B. risk retention levels
, RIMS-CRMP
Study online at https://quizlet.com/_gar2i1
C. risk strategy approach
D. risk treatment options
10. An effective risk communication strategy requires C. media channels
the selection of appropriate _______________ .
A. coaches
B. data points
C. media channels
D. metrics
11. Which of the following is considered a risk analysis D. Monte Carlo sim-
technique? ulation
A. budget allocation
B. consensus building
C. insurance placement
D. Monte Carlo simulation
12. When an operational area develops a treatment for a D. evaluate the im-
critical risk, the risk management professional MUST pact upon other ar-
_______________ . eas
A. add the risk to the risk map
B. communicate the treatment plan directly with in-
ternal audit
C. evaluate the dollar savings associated with the
treatment
D. evaluate the impact upon other areas
13. A risk management professional advises manage- C. providing in-
ment on the status of key risks by _______________ sights into the
. changing charac-
teristics of a risk
A. annually identifying the inventory of risks
B. providing information about competitors' risk
management plan
C. providing insights into the changing characteris-
tics of a risk
D. summarizing internal audit reports
