FAIR Certification Exam
Questions 2026 | Practice
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,Which of the following topic areas is not included in the E - Architecting risk is not part of the Open FAIR Foundation certification syllabus.
Open FAIR Foundation certification syllabus?
A Measurement
B Terminology
C Analysis Process
D Results
E Architecting Risk
Which of the following statements about the retake A - The retake policy requires candidates who fail to wait at least one (1) month
policy for Open FAIR Examinations is correct? before another attempt.
A Candidates who fail cannot take an examination again
within one (1) month.
B Candidates who fail cannot take an examination again
within five (5) days.
C Candidates who fail cannot take an examination again
within seven (7) days.
D Candidates who fail cannot take an examination again
within three (3) months.
Consider the following statement: C - This is an example of a statement of probability.
The odds of rolling "snakes eyes" when rolling a pair of
dice is 1 in 36.
What is this statement an example of?
A. Possibility
B. Prediction
C. Probability
D. Prophecy
Which of the following best completes the sentence: D - Since risk is invariably a matter of future events there is always some amount
Since risk is invariably a matter of future events there is of uncertainty.
always some amount of _______________.
A. Impossibility
B. Prediction
C. Probability
D. Uncertainty
Complete the sentence: A tornado can be considered C - A tornado is a threat, as it applies the force (water and wind) against an asset
a(n) _______________. that can cause a loss event to occur.
A. Asset
B. Risk
C. Threat
D. Vulnerability
, Which element of the risk management stack leads B - In order to make well-informed decisions we need effective comparisons.
directly to being able to make well- informed decisions?
A Accurate Risk Model
B Effective Comparisons
C Effective Management
D Meaningful Measurements
Complete the sentence: In order to have meaningful B - In order to have meaningful measurements we need accurate modeling.
measurements we need ____________.
A A logic flowchart
B Accurate modeling
C Effective comparisons
D Effective management
Box #1 is comprised of which of the following: D - Box #1 Risk is comprised of Loss Event Frequency (Box 2) and Loss Magnitude
(Box 7).
A Risk and Vulnerability
B Risk and Loss
C Threat Capability and Loss Frequency
D Loss Event Frequency and Loss Magnitude
Box #2 is comprised of which of the following: C - Box #2 Loss Event Frequency is comprised of Threat Event Frequency (Box 3)
and Vulnerability (Box 4).
A Loss Event Frequency and Threat Event Frequency
B Risk and Vulnerability
C Threat Event Frequency and Vulnerability
D Threat Capability and Resistance Strength
Box #4 is comprised of which of the following: D - Box #4 Vulnerability is comprised of Threat Capability (Box 5) and Resistance
Strength (Box 6).
A Secondary Loss Event Frequency and Secondary Loss
Magnitude
B Loss Event Frequency and Loss Magnitude
C Risk and Vulnerability
D Threat Capability and Resistance Strength
Questions 2026 | Practice
Questions & Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
,Which of the following topic areas is not included in the E - Architecting risk is not part of the Open FAIR Foundation certification syllabus.
Open FAIR Foundation certification syllabus?
A Measurement
B Terminology
C Analysis Process
D Results
E Architecting Risk
Which of the following statements about the retake A - The retake policy requires candidates who fail to wait at least one (1) month
policy for Open FAIR Examinations is correct? before another attempt.
A Candidates who fail cannot take an examination again
within one (1) month.
B Candidates who fail cannot take an examination again
within five (5) days.
C Candidates who fail cannot take an examination again
within seven (7) days.
D Candidates who fail cannot take an examination again
within three (3) months.
Consider the following statement: C - This is an example of a statement of probability.
The odds of rolling "snakes eyes" when rolling a pair of
dice is 1 in 36.
What is this statement an example of?
A. Possibility
B. Prediction
C. Probability
D. Prophecy
Which of the following best completes the sentence: D - Since risk is invariably a matter of future events there is always some amount
Since risk is invariably a matter of future events there is of uncertainty.
always some amount of _______________.
A. Impossibility
B. Prediction
C. Probability
D. Uncertainty
Complete the sentence: A tornado can be considered C - A tornado is a threat, as it applies the force (water and wind) against an asset
a(n) _______________. that can cause a loss event to occur.
A. Asset
B. Risk
C. Threat
D. Vulnerability
, Which element of the risk management stack leads B - In order to make well-informed decisions we need effective comparisons.
directly to being able to make well- informed decisions?
A Accurate Risk Model
B Effective Comparisons
C Effective Management
D Meaningful Measurements
Complete the sentence: In order to have meaningful B - In order to have meaningful measurements we need accurate modeling.
measurements we need ____________.
A A logic flowchart
B Accurate modeling
C Effective comparisons
D Effective management
Box #1 is comprised of which of the following: D - Box #1 Risk is comprised of Loss Event Frequency (Box 2) and Loss Magnitude
(Box 7).
A Risk and Vulnerability
B Risk and Loss
C Threat Capability and Loss Frequency
D Loss Event Frequency and Loss Magnitude
Box #2 is comprised of which of the following: C - Box #2 Loss Event Frequency is comprised of Threat Event Frequency (Box 3)
and Vulnerability (Box 4).
A Loss Event Frequency and Threat Event Frequency
B Risk and Vulnerability
C Threat Event Frequency and Vulnerability
D Threat Capability and Resistance Strength
Box #4 is comprised of which of the following: D - Box #4 Vulnerability is comprised of Threat Capability (Box 5) and Resistance
Strength (Box 6).
A Secondary Loss Event Frequency and Secondary Loss
Magnitude
B Loss Event Frequency and Loss Magnitude
C Risk and Vulnerability
D Threat Capability and Resistance Strength
