1 RIMS -CRMP REVIEW QUESTIONS AND ANSWERS , GRADED
A+/ VERIFIED .
A business model is a set of assumptions about the ______
A. financial stability of an organization
B. or ganizational structure of a business
C. products and services past performance
D. way an organization creates value - ✅✅ -D. way an organization creates value
What two analytical tools are particularly useful in analyzing the business model?
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 - ✅✅ -D. Value chain analysis and benchmarking
Risk management professionals conduct supply -chain analyses to identify _______________ .
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization - ✅✅ -D. potential vulnerab ilities to the organization
Which activity does the risk management professional perform immediately after obtaining internal and
external information about the organization?
A. analyze the information
1 / 2
B. organize the information
C. prioritize the inf ormation
D. report the information - ✅✅ -B. organize the information
Which risk identification and analysis technique 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?
A. checklists
B. flowcharts
C. workshops
D. questionnaires - ✅✅ -C. workshops
When analyzing an organization's value chain, which of the following would be considered a primary
activity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics - ✅✅ -D. outbound logistics
The organization's resources and internal support are ________ the risk management strategy.
A. adjustable to matc h
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of - ✅✅ -B. inputs in the development of
When defining the success measures for the organization's risk strategy, the risk management
professional w ill include which of the following steps? Powered by TCPDF (www.tcpdf.org)
2 / 2
A+/ VERIFIED .
A business model is a set of assumptions about the ______
A. financial stability of an organization
B. or ganizational structure of a business
C. products and services past performance
D. way an organization creates value - ✅✅ -D. way an organization creates value
What two analytical tools are particularly useful in analyzing the business model?
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 - ✅✅ -D. Value chain analysis and benchmarking
Risk management professionals conduct supply -chain analyses to identify _______________ .
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization - ✅✅ -D. potential vulnerab ilities to the organization
Which activity does the risk management professional perform immediately after obtaining internal and
external information about the organization?
A. analyze the information
1 / 2
B. organize the information
C. prioritize the inf ormation
D. report the information - ✅✅ -B. organize the information
Which risk identification and analysis technique 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?
A. checklists
B. flowcharts
C. workshops
D. questionnaires - ✅✅ -C. workshops
When analyzing an organization's value chain, which of the following would be considered a primary
activity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics - ✅✅ -D. outbound logistics
The organization's resources and internal support are ________ the risk management strategy.
A. adjustable to matc h
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of - ✅✅ -B. inputs in the development of
When defining the success measures for the organization's risk strategy, the risk management
professional w ill include which of the following steps? Powered by TCPDF (www.tcpdf.org)
2 / 2
