RIMS-CRMP EXAM STUDY GUIDE QUESTIONS WITH
COMPLETE SOLUTIONS.DEFINITE A+ 2023 SUCCESS
GUARANTEED
1. Benchmarking - Correct answer The process of measuring the performance of an
organization against external standards of reference that frequently come from similar
organizations doing similar things.
2. Corporate Governance - Correct answer The system of rules, practices and processes by
which a company is directed and controlled.
3. Enterprise Risk Management - Correct answer A strategic discipline that supports the
achievement of an organization's objectives by addressing the full spectrum of its risk and
managing the combined impact of those risks as an interrelated risk portfolio.
4. Gap Analysis - Correct answer Comparison of an existing process or procedure to recognize
standards in order to identify deficiencies or excesses in the existing process.
5. Key performance indicator (KPI) - Correct answer As activity that signals the achievement of
organizational objectives, emphasize opportunities and strategic objectives.
6. Key risk indicator (KRI) - Correct answer designed to manage downside risk. A
measurement of how risk and volatility relate to achieving organizational objectives,
7. PESTLE Analysis - Correct answer PESTLE is an acronym for Political, Economic, Social,
Technology, Legal and Environmental and identifies the categories utilized to analyze internal
and external environments. Other forms of the acronym include "PEST" and "PESTEL."
8. Risk - Correct answer The effect of uncertainty on objectives.
9. Risk Appetite - Correct answer The total exposed amount that an organization wishes to
undertake on the basis of risk return trade-offs for one or more desired and expected outcomes
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COMPLETE SOLUTIONS.DEFINITE A+ 2023 SUCCESS
GUARANTEED
1. Benchmarking - Correct answer The process of measuring the performance of an
organization against external standards of reference that frequently come from similar
organizations doing similar things.
2. Corporate Governance - Correct answer The system of rules, practices and processes by
which a company is directed and controlled.
3. Enterprise Risk Management - Correct answer A strategic discipline that supports the
achievement of an organization's objectives by addressing the full spectrum of its risk and
managing the combined impact of those risks as an interrelated risk portfolio.
4. Gap Analysis - Correct answer Comparison of an existing process or procedure to recognize
standards in order to identify deficiencies or excesses in the existing process.
5. Key performance indicator (KPI) - Correct answer As activity that signals the achievement of
organizational objectives, emphasize opportunities and strategic objectives.
6. Key risk indicator (KRI) - Correct answer designed to manage downside risk. A
measurement of how risk and volatility relate to achieving organizational objectives,
7. PESTLE Analysis - Correct answer PESTLE is an acronym for Political, Economic, Social,
Technology, Legal and Environmental and identifies the categories utilized to analyze internal
and external environments. Other forms of the acronym include "PEST" and "PESTEL."
8. Risk - Correct answer The effect of uncertainty on objectives.
9. Risk Appetite - Correct answer The total exposed amount that an organization wishes to
undertake on the basis of risk return trade-offs for one or more desired and expected outcomes
Page 1|4
