MAN 3301 Exam 3 with Questions and
Correct Answers 2025
What ,organization ,will ,be ,most ,effective ,at ,managing ,risk?
A ,firm ,known ,for ,its ,rapid ,response ,to ,business ,crises
A ,firm ,that ,rewards ,managers ,based ,on ,decreasing ,numbers ,of ,compliance
,issues
A ,firm ,that ,includes ,the ,issue ,of ,risk ,awareness ,in ,its ,onboarding ,process
An ,organization ,that ,has ,a ,highly ,compartmentalized ,structure ,- ,CORRECT
,ANSWER-A ,firm ,that ,includes ,the ,issue ,of ,risk ,awareness ,in ,its ,onboarding
,process
An ,HR ,professional ,is ,new ,to ,an ,organization. ,What ,would ,be ,the ,best ,first
,step ,to ,gain ,a ,proper ,understanding ,of ,the ,risk ,context ,in ,this ,organization?
Talk ,with ,colleagues ,to ,gain ,their ,perspective ,on ,the ,organization's ,attitude
,toward ,risk
Conduct ,a ,visual ,inspection ,of ,the ,organization's ,facilities
Review ,annual ,reports ,from ,the ,past ,decade
Look ,up ,the ,organization's ,rating ,by ,investor ,services ,firms ,- ,CORRECT
,ANSWER-Talk ,with ,colleagues ,to ,gain ,their ,perspective ,on ,the ,organization's
,attitude ,toward ,risk
What ,are ,the ,factors ,in ,the ,risk ,equation?
Rate ,of ,emergence ,and ,degree ,of ,impact
Probability ,of ,occurrence ,and ,magnitude ,of ,impact
Rate ,of ,emergence ,and ,prevalence
Probability, ,magnitude ,of ,impact, ,and ,risk ,tolerance ,- ,CORRECT ,ANSWER-
Probability ,of ,occurrence ,and ,magnitude ,of ,impact
What ,element ,is ,contained ,in ,the ,ISO ,risk ,management ,framework?
Certification ,by ,an ,internationally ,recognized ,body
Mandatory ,insurance ,against ,professional ,errors ,and ,omissions
Visible ,management ,support ,of ,risk ,management ,processes
Risk ,management ,office ,and ,officer ,- ,CORRECT ,ANSWER-Visible ,management
,support ,of ,risk ,management ,processes
,An ,employee's ,ex-husband ,waits ,outside ,her ,place ,of ,work. ,When ,she ,emerges,
,he ,begins ,yelling. ,She ,retreats ,inside ,the ,building. ,The ,husband ,attempts ,to
,follow ,but ,is ,prevented ,by ,a ,door ,that ,locks ,automatically ,behind ,the
,employee. ,An ,HR ,staff ,member ,observes ,the ,incident. ,What ,action ,should ,the
,staff ,member ,take?
Recommend ,that ,those ,involved ,debrief ,the ,incident
None. ,Security ,measures ,worked
Write ,a ,memo ,to ,the ,HR ,head, ,documenting ,the ,incident
Call ,for ,immediate ,revision ,of ,the ,organization's ,security ,policies ,- ,CORRECT
,ANSWER-Recommend ,that ,those ,involved ,debrief ,the ,incident
What ,is ,the ,purpose ,of ,a ,risk ,register?
To ,assess ,the ,relative ,importance ,of ,certain ,risks
To ,demonstrate ,an ,organization's ,total ,risk ,exposure
To ,estimate ,the ,costs ,involved ,with ,specific ,risk ,management ,tactics
To ,increase ,transparency ,and ,accountability ,in ,risk ,management ,processes ,-
,CORRECT ,ANSWER-To ,increase ,transparency ,and ,accountability ,in ,risk
,management ,processes
What ,HR ,risk ,management ,action ,contributes ,directly ,to ,a ,business ,continuity
,effort?
Maintaining ,succession ,plans
Communicating ,evacuation ,plans ,to ,all ,employees
Developing ,channels ,to ,facilitate ,reporting ,threats
Training ,staff ,in ,first ,aid ,- ,CORRECT ,ANSWER-Maintaining ,succession ,plans
What ,is ,risk?
Techniques ,used ,to ,minimize ,loss ,and ,maximize ,gain ,associated ,with
,uncertainty
Aggregate ,value ,of ,opportunities ,and ,threats ,an ,organization ,faces
Organization's ,vulnerability ,to ,external ,threats
Effect ,of ,uncertainty ,on ,achieving ,objectives ,- ,CORRECT ,ANSWER-Effect ,of
,uncertainty ,on ,achieving ,objectives
What ,is ,a ,secondary ,risk?
Risk ,that ,poses ,less ,impact
Risk ,affecting ,the ,organization ,in ,an ,indirect ,way
Risk ,caused ,by ,a ,risk ,management ,tactic
Risk ,caused ,by ,failure ,to ,implement ,a ,risk ,management ,approach ,effectively ,-
,CORRECT ,ANSWER-Risk ,caused ,by ,a ,risk ,management ,tactic
,What ,is ,the ,best ,definition ,of ,duty ,of ,care?
Taking ,steps ,to ,identify ,threats ,to ,global ,assignees
Preserving ,employees ,from ,injuries ,due ,to ,work ,site ,incidents
Obligation ,to ,protect ,employee ,health ,and ,safety
Due ,diligence ,in ,hiring ,and ,firing ,- ,CORRECT ,ANSWER-Obligation ,to ,protect
,employee ,health ,and ,safety
HR ,is ,working ,on ,an ,employee ,wellness ,initiative ,that ,involves ,encouraging
,employees ,to ,walk ,more ,during ,their ,breaks. ,The ,firm ,is ,located ,in ,an
,industrial ,park. ,While ,its ,grounds ,are ,fairly ,small, ,if ,all ,employees ,in ,the ,park
,participated, ,they ,could ,install ,a ,great ,walking ,path ,system. ,So ,HR ,approaches
,these ,neighbors ,with ,a ,proposal. ,What ,approach ,to ,managing ,risk ,is ,HR
,illustrating?
Accepting
Optimizing
Sharing
Enhancing ,- ,CORRECT ,ANSWER-Sharing
What ,are ,the ,categories ,of ,risk ,in ,the ,COSO ,ERM ,framework?
Preventable, ,unpreventable, ,unknown
Internal ,external, ,strategic
Strategy, ,operations, ,financial ,reporting, ,compliance
Compliance, ,financial, ,operational ,- ,CORRECT ,ANSWER-Strategy, ,operations,
,financial ,reporting, ,compliance
What ,is ,risk ,appetite?
Amount ,of ,uncertainty ,an ,organization ,is ,willing ,to ,accept
Amount ,of ,loss ,an ,organization ,can ,sustain ,without ,jeopardizing ,the
,organization's ,existence
Degree ,to ,which ,an ,organization ,is ,conscious ,of ,risk
What ,the ,organization ,has ,set ,as ,its ,target ,for ,gain ,or ,loss ,- ,CORRECT
,ANSWER-Amount ,of ,uncertainty ,an ,organization ,is ,willing ,to ,accept
A ,head ,of ,HR ,would ,like ,to ,create ,an ,open-door ,policy ,that ,would ,allow
,employees ,to ,bring ,concerns ,to ,someone ,above ,their ,direct ,reports. ,The ,CEO
,thinks ,this ,will ,encourage ,constant ,and ,meritless ,complaining. ,What ,would ,be
,the ,best ,reason ,to ,give ,the ,CEO ,for ,implementing ,this ,communication ,policy?
This ,would ,improve ,morale
If ,would ,prevent ,retaliation ,by ,supervisors
It ,would ,help ,the ,organization ,to ,learn ,about ,issues ,before ,outsiders ,do
, It ,is ,required ,by ,law ,in ,many ,countries ,- ,CORRECT ,ANSWER-It ,would ,help ,the
,organization ,to ,learn ,about ,issues ,before ,outsiders ,do
An ,organization ,has ,identified ,the ,risks ,associated ,with ,its ,operation.
,According ,to ,the ,ISO ,risk ,management ,process, ,what ,activity ,should ,the
,organization ,perform ,next?
Seek ,a ,deeper ,understanding ,of ,the ,risks ,identified
Conduct ,and ,audit ,of ,risk ,management ,processes
Secure ,management ,approval ,for ,budget ,to ,address ,risk ,processes
Select ,the ,best ,approach ,to ,managing ,each ,risk ,- ,CORRECT ,ANSWER-Seek ,a
,deeper ,understanding ,of ,the ,risks ,identified
What ,risk ,management ,tool ,does ,a ,country ,travel ,advisor ,illustrate?
Key ,risk ,indicator
Risk ,tolerance
Risk ,position
Probability ,indicator ,- ,CORRECT ,ANSWER-Key ,risk ,indicator
What ,is ,the ,primary ,purpose ,of ,a ,health ,and ,safety ,audit?
To ,identify ,more ,appropriate ,risk ,management ,strategies ,for ,identified ,risks
To ,update ,health ,and ,safety ,programs ,to ,reflect ,new ,technologies
To ,determine ,if ,policies ,are ,being ,followed
To ,assess ,the ,soundness ,of ,a ,policy ,- ,CORRECT ,ANSWER-To ,determine ,if
,policies ,are ,being ,followed
A ,risk ,is ,analyzed ,as ,likely ,to ,emerge ,slowly ,and ,likely ,to ,occur. ,According ,to
,the ,PAPA ,evaluation ,model, ,how ,would ,this ,risk ,be ,prioritized?
Act
Prepare
Park
Adapt ,- ,CORRECT ,ANSWER-Adapt
What ,would ,be ,the ,best ,approach ,for ,identifying ,ethical ,risks ,in ,a ,new ,country
,of ,operation?
Visit ,to ,local ,site
Employee ,survey
Local ,experts
Local ,publications ,- ,CORRECT ,ANSWER-Local ,experts
How ,can ,an ,HR ,professional ,best ,help ,an ,organization ,prevent ,a ,union ,strike?
Correct Answers 2025
What ,organization ,will ,be ,most ,effective ,at ,managing ,risk?
A ,firm ,known ,for ,its ,rapid ,response ,to ,business ,crises
A ,firm ,that ,rewards ,managers ,based ,on ,decreasing ,numbers ,of ,compliance
,issues
A ,firm ,that ,includes ,the ,issue ,of ,risk ,awareness ,in ,its ,onboarding ,process
An ,organization ,that ,has ,a ,highly ,compartmentalized ,structure ,- ,CORRECT
,ANSWER-A ,firm ,that ,includes ,the ,issue ,of ,risk ,awareness ,in ,its ,onboarding
,process
An ,HR ,professional ,is ,new ,to ,an ,organization. ,What ,would ,be ,the ,best ,first
,step ,to ,gain ,a ,proper ,understanding ,of ,the ,risk ,context ,in ,this ,organization?
Talk ,with ,colleagues ,to ,gain ,their ,perspective ,on ,the ,organization's ,attitude
,toward ,risk
Conduct ,a ,visual ,inspection ,of ,the ,organization's ,facilities
Review ,annual ,reports ,from ,the ,past ,decade
Look ,up ,the ,organization's ,rating ,by ,investor ,services ,firms ,- ,CORRECT
,ANSWER-Talk ,with ,colleagues ,to ,gain ,their ,perspective ,on ,the ,organization's
,attitude ,toward ,risk
What ,are ,the ,factors ,in ,the ,risk ,equation?
Rate ,of ,emergence ,and ,degree ,of ,impact
Probability ,of ,occurrence ,and ,magnitude ,of ,impact
Rate ,of ,emergence ,and ,prevalence
Probability, ,magnitude ,of ,impact, ,and ,risk ,tolerance ,- ,CORRECT ,ANSWER-
Probability ,of ,occurrence ,and ,magnitude ,of ,impact
What ,element ,is ,contained ,in ,the ,ISO ,risk ,management ,framework?
Certification ,by ,an ,internationally ,recognized ,body
Mandatory ,insurance ,against ,professional ,errors ,and ,omissions
Visible ,management ,support ,of ,risk ,management ,processes
Risk ,management ,office ,and ,officer ,- ,CORRECT ,ANSWER-Visible ,management
,support ,of ,risk ,management ,processes
,An ,employee's ,ex-husband ,waits ,outside ,her ,place ,of ,work. ,When ,she ,emerges,
,he ,begins ,yelling. ,She ,retreats ,inside ,the ,building. ,The ,husband ,attempts ,to
,follow ,but ,is ,prevented ,by ,a ,door ,that ,locks ,automatically ,behind ,the
,employee. ,An ,HR ,staff ,member ,observes ,the ,incident. ,What ,action ,should ,the
,staff ,member ,take?
Recommend ,that ,those ,involved ,debrief ,the ,incident
None. ,Security ,measures ,worked
Write ,a ,memo ,to ,the ,HR ,head, ,documenting ,the ,incident
Call ,for ,immediate ,revision ,of ,the ,organization's ,security ,policies ,- ,CORRECT
,ANSWER-Recommend ,that ,those ,involved ,debrief ,the ,incident
What ,is ,the ,purpose ,of ,a ,risk ,register?
To ,assess ,the ,relative ,importance ,of ,certain ,risks
To ,demonstrate ,an ,organization's ,total ,risk ,exposure
To ,estimate ,the ,costs ,involved ,with ,specific ,risk ,management ,tactics
To ,increase ,transparency ,and ,accountability ,in ,risk ,management ,processes ,-
,CORRECT ,ANSWER-To ,increase ,transparency ,and ,accountability ,in ,risk
,management ,processes
What ,HR ,risk ,management ,action ,contributes ,directly ,to ,a ,business ,continuity
,effort?
Maintaining ,succession ,plans
Communicating ,evacuation ,plans ,to ,all ,employees
Developing ,channels ,to ,facilitate ,reporting ,threats
Training ,staff ,in ,first ,aid ,- ,CORRECT ,ANSWER-Maintaining ,succession ,plans
What ,is ,risk?
Techniques ,used ,to ,minimize ,loss ,and ,maximize ,gain ,associated ,with
,uncertainty
Aggregate ,value ,of ,opportunities ,and ,threats ,an ,organization ,faces
Organization's ,vulnerability ,to ,external ,threats
Effect ,of ,uncertainty ,on ,achieving ,objectives ,- ,CORRECT ,ANSWER-Effect ,of
,uncertainty ,on ,achieving ,objectives
What ,is ,a ,secondary ,risk?
Risk ,that ,poses ,less ,impact
Risk ,affecting ,the ,organization ,in ,an ,indirect ,way
Risk ,caused ,by ,a ,risk ,management ,tactic
Risk ,caused ,by ,failure ,to ,implement ,a ,risk ,management ,approach ,effectively ,-
,CORRECT ,ANSWER-Risk ,caused ,by ,a ,risk ,management ,tactic
,What ,is ,the ,best ,definition ,of ,duty ,of ,care?
Taking ,steps ,to ,identify ,threats ,to ,global ,assignees
Preserving ,employees ,from ,injuries ,due ,to ,work ,site ,incidents
Obligation ,to ,protect ,employee ,health ,and ,safety
Due ,diligence ,in ,hiring ,and ,firing ,- ,CORRECT ,ANSWER-Obligation ,to ,protect
,employee ,health ,and ,safety
HR ,is ,working ,on ,an ,employee ,wellness ,initiative ,that ,involves ,encouraging
,employees ,to ,walk ,more ,during ,their ,breaks. ,The ,firm ,is ,located ,in ,an
,industrial ,park. ,While ,its ,grounds ,are ,fairly ,small, ,if ,all ,employees ,in ,the ,park
,participated, ,they ,could ,install ,a ,great ,walking ,path ,system. ,So ,HR ,approaches
,these ,neighbors ,with ,a ,proposal. ,What ,approach ,to ,managing ,risk ,is ,HR
,illustrating?
Accepting
Optimizing
Sharing
Enhancing ,- ,CORRECT ,ANSWER-Sharing
What ,are ,the ,categories ,of ,risk ,in ,the ,COSO ,ERM ,framework?
Preventable, ,unpreventable, ,unknown
Internal ,external, ,strategic
Strategy, ,operations, ,financial ,reporting, ,compliance
Compliance, ,financial, ,operational ,- ,CORRECT ,ANSWER-Strategy, ,operations,
,financial ,reporting, ,compliance
What ,is ,risk ,appetite?
Amount ,of ,uncertainty ,an ,organization ,is ,willing ,to ,accept
Amount ,of ,loss ,an ,organization ,can ,sustain ,without ,jeopardizing ,the
,organization's ,existence
Degree ,to ,which ,an ,organization ,is ,conscious ,of ,risk
What ,the ,organization ,has ,set ,as ,its ,target ,for ,gain ,or ,loss ,- ,CORRECT
,ANSWER-Amount ,of ,uncertainty ,an ,organization ,is ,willing ,to ,accept
A ,head ,of ,HR ,would ,like ,to ,create ,an ,open-door ,policy ,that ,would ,allow
,employees ,to ,bring ,concerns ,to ,someone ,above ,their ,direct ,reports. ,The ,CEO
,thinks ,this ,will ,encourage ,constant ,and ,meritless ,complaining. ,What ,would ,be
,the ,best ,reason ,to ,give ,the ,CEO ,for ,implementing ,this ,communication ,policy?
This ,would ,improve ,morale
If ,would ,prevent ,retaliation ,by ,supervisors
It ,would ,help ,the ,organization ,to ,learn ,about ,issues ,before ,outsiders ,do
, It ,is ,required ,by ,law ,in ,many ,countries ,- ,CORRECT ,ANSWER-It ,would ,help ,the
,organization ,to ,learn ,about ,issues ,before ,outsiders ,do
An ,organization ,has ,identified ,the ,risks ,associated ,with ,its ,operation.
,According ,to ,the ,ISO ,risk ,management ,process, ,what ,activity ,should ,the
,organization ,perform ,next?
Seek ,a ,deeper ,understanding ,of ,the ,risks ,identified
Conduct ,and ,audit ,of ,risk ,management ,processes
Secure ,management ,approval ,for ,budget ,to ,address ,risk ,processes
Select ,the ,best ,approach ,to ,managing ,each ,risk ,- ,CORRECT ,ANSWER-Seek ,a
,deeper ,understanding ,of ,the ,risks ,identified
What ,risk ,management ,tool ,does ,a ,country ,travel ,advisor ,illustrate?
Key ,risk ,indicator
Risk ,tolerance
Risk ,position
Probability ,indicator ,- ,CORRECT ,ANSWER-Key ,risk ,indicator
What ,is ,the ,primary ,purpose ,of ,a ,health ,and ,safety ,audit?
To ,identify ,more ,appropriate ,risk ,management ,strategies ,for ,identified ,risks
To ,update ,health ,and ,safety ,programs ,to ,reflect ,new ,technologies
To ,determine ,if ,policies ,are ,being ,followed
To ,assess ,the ,soundness ,of ,a ,policy ,- ,CORRECT ,ANSWER-To ,determine ,if
,policies ,are ,being ,followed
A ,risk ,is ,analyzed ,as ,likely ,to ,emerge ,slowly ,and ,likely ,to ,occur. ,According ,to
,the ,PAPA ,evaluation ,model, ,how ,would ,this ,risk ,be ,prioritized?
Act
Prepare
Park
Adapt ,- ,CORRECT ,ANSWER-Adapt
What ,would ,be ,the ,best ,approach ,for ,identifying ,ethical ,risks ,in ,a ,new ,country
,of ,operation?
Visit ,to ,local ,site
Employee ,survey
Local ,experts
Local ,publications ,- ,CORRECT ,ANSWER-Local ,experts
How ,can ,an ,HR ,professional ,best ,help ,an ,organization ,prevent ,a ,union ,strike?
