RIMS CRMP EXAM SCRIPT COMPREHENSIVE
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ A business model is a set of assumptions about the ______
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. way an organization creates value. Answer: 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. Answer: 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. Answer: D. potential
vulnerabilities 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
B. organize the information
C. prioritize the information
D. report the information. Answer: 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. Answer: 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. Answer: D. outbound logistics
◉ The organization's resources and internal support are ________ the
risk management strategy.
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of. Answer: B. inputs in the
development of
◉ When defining the success measures for the organization's risk
strategy, the risk management professional will include which of the
following steps?
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicating the risk
strategy
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ A business model is a set of assumptions about the ______
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. way an organization creates value. Answer: 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. Answer: 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. Answer: D. potential
vulnerabilities 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
B. organize the information
C. prioritize the information
D. report the information. Answer: 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. Answer: 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. Answer: D. outbound logistics
◉ The organization's resources and internal support are ________ the
risk management strategy.
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of. Answer: B. inputs in the
development of
◉ When defining the success measures for the organization's risk
strategy, the risk management professional will include which of the
following steps?
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicating the risk
strategy
