RIMS-CRMP QUESTIONS AND CORRECT
ANSWERS (ALREADY GRADED A+);
VERIFIED ANSWERS; LATEST VERSION
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 - correct
answer- D. way an organization creates value
A potential DISADVANTAGE of benchmarking is that it
A. May limit the type of information obtained if it only
considers organizations viewed as a direct competitor
B. Focuses primarily on areas of overlap in product or
services and does not consider areas in which
organizations differ
,C. Focuses primarily on company best practices and
cannot be used to identify areas for possible innovation
D. Does not provide useful information about industry and
market trends - correct answer- A. May limit
the type of information obtained if it only considers
organizations viewed as a direct competitor
A risk management oversight body focuses on what
quadrant of risk as aligning closest to its organization's
ability to meet corporate objectives?
A. Hazard
B. Financial
C. Strategic
D. Operational - correct answer- C. Strategic
A risk management professional advises management on
the status of key risks by _______________ .
A. annually identifying the inventory of risks
, B. providing information about competitors' risk
management plan
C. providing insights into the changing characteristics of a
risk
D. summarizing internal audit reports - correct
answer- C. providing insights into the changing
characteristics of a risk
A risk management professional evaluates which type of
key external force to gain insight about another
company's strengths and weaknesses?
A. Political
B. Competitive
C. Economic
D. Technological - correct answer- B.
Competitive
A success criterion for a risk management program
includes
ANSWERS (ALREADY GRADED A+);
VERIFIED ANSWERS; LATEST VERSION
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 - correct
answer- D. way an organization creates value
A potential DISADVANTAGE of benchmarking is that it
A. May limit the type of information obtained if it only
considers organizations viewed as a direct competitor
B. Focuses primarily on areas of overlap in product or
services and does not consider areas in which
organizations differ
,C. Focuses primarily on company best practices and
cannot be used to identify areas for possible innovation
D. Does not provide useful information about industry and
market trends - correct answer- A. May limit
the type of information obtained if it only considers
organizations viewed as a direct competitor
A risk management oversight body focuses on what
quadrant of risk as aligning closest to its organization's
ability to meet corporate objectives?
A. Hazard
B. Financial
C. Strategic
D. Operational - correct answer- C. Strategic
A risk management professional advises management on
the status of key risks by _______________ .
A. annually identifying the inventory of risks
, B. providing information about competitors' risk
management plan
C. providing insights into the changing characteristics of a
risk
D. summarizing internal audit reports - correct
answer- C. providing insights into the changing
characteristics of a risk
A risk management professional evaluates which type of
key external force to gain insight about another
company's strengths and weaknesses?
A. Political
B. Competitive
C. Economic
D. Technological - correct answer- B.
Competitive
A success criterion for a risk management program
includes
