ISO-31000-CLA Dumps for Pass Guaranteed – Pass ISO-31000-CLA Exam 2023 [Q21-Q45]

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ISO-31000-CLA Dumps for Pass Guaranteed – Pass ISO-31000-CLA Exam 2023

ISO-31000-CLA Exam Dumps – Try Best ISO-31000-CLA Exam Questions from Training Expert PracticeMaterial

The GAQM ISO-31000-CLA (ISO 31000 – Certified Lead Risk Manager) Certification Exam is designed to test the knowledge and skills of professionals who are responsible for managing risk within their organizations. This certification is recognized globally and is an indication of the candidate’s ability to understand and implement risk management processes based on the ISO 31000 standard. The exam covers a wide range of topics, including risk management principles, risk assessment methodologies, risk treatment strategies, and risk communication techniques.

NO.21 The organization’s resources and internal support are ________ the risk management strategy.

adjustable to match

inputs in the development of

metrics used to measure the value of

outcomes of the development of

NO.22 ISO 31000:2018 risk management process is ______________

descriptive

prescriptive

visionitive

cursive

NO.23 Which two of the following are types Integrated Processes? (Choose two)

People processes

Soft processes

Hard process

Quality analysis

NO.24 Which of the following is the current trend in auditing, risk management and compliance?

Providing assurance over threats

Performing discrete audits in compliance with internal control

Front office function providing leading indicators about risk

NO.25 Which of the following is considered a risk analysis technique?

Budget allocation

Consensus building

Insurance placement

Monte Carlo simulation

NO.26 Which risk is sometimes called ‘retained risk.’?

Residual risk

Conceptualize risk

Analytical risk

Procedural risk

NO.27 What is typically the day-to-day responsibility of a Chief Risk Officer within a large organisation?

Ensuring that all key risks are adequately managed and reported.

Preparing and maintaining individual insurance arrangements

Producing policies on compliance matters

Providing assurance that individual risk management processes are effective.

NO.28 The Chief Risk Officer chairs the ERM/RM steering committee.

True

False

NO.29 Which management can be used in varied and complex settings?

Crisis

Quality

Safety

Risk

NO.30 From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

Buying 100 lottery tickets

Selling his house even though he receives less than he paid for it because he thinks prices will fall further.

Going horse riding without wearing a riding helmet.

NO.31 New definition of risk under ISO 31000 and 31010 is:

Danger that injury, damage, or loss will occur

Possibility of investment loss

Probability of loss to an insurer

Probability of an event that will have an impact on objectives

NO.32 Which of the following statement about operations risk management is incorrect?

Transparent and inclusive

Dynamic, iterative and responsive to change

Disregarding human factors

Capable of continual improvement and enhancement

NO.33 How does a pure risk differ from a speculative risk?

A pure risk always has an environmental cause whereas a speculative risk always involves human error.

A pure risk can be measured in probability terms whereas a speculative risk cannot.

A pure risk is not subject to regulatory control but a speculative risk always is.

A pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

NO.34 Who serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter?

Chief Risk Officer (CRO)

Chief Information Officer (CIO)

Quality Auditor (QA)

Risk Owner (RO)

NO.35 ISO 31000:2018 offers a generic outline for the design of the risk management framework and process.

True

False

NO.36 Which type of risk framework is expected to improve efficiency by aligning strategy, processes, technology and people?

Controls, risk and supervision.

Corporate, governance and control.

Governance, risk and compliance.

Supervision, audit and compliance

NO.37 Which of the following are measured extensively throughout the organization and into the supply chain?

KPI’s and KRI’s

API’s and SKD’s

PDA’s and PBA’s

CMP’s and CAD’s

NO.38 Which plan provides a roadmap on how the treatment options will be deployed?

Vison

Static

Fixed

Treatment

NO.39 A systemic risk involves:

A risk that loss in one area of an organization may cause loss in another area of the organization

A risk that all of the current suppliers of an organization’s inputs will be unable to produce the inputs

A risk that an event will cause multiple key people in an organization to leave at once

A potential major disruption in the function of an entire market or financial system

NO.40 Which of the following is becoming the basis for all decision making?

Risk management

Crisis management

Quality management

Marketing management

NO.41 When an operational area develops a treatment for a critical risk, the risk management professional MUST

add the risk to the risk map.

communicate the treatment plan directly with internal audit.

evaluate the dollar savings associated with the treatment.

evaluate the impact upon other areas.

NO.42 Which element is often the biggest challenge in risk implementation?

human

computation

NO.43 After validating the training curricula, a risk management professional

develops training.

develops and schedules training.

matches training to audience.

schedules and conducts training.

NO.44 Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?

Risk evaluation

Risk outsourcing

Risk acceptance

Risk avoidance

NO.45 Which of the following are ISO 31000:2009 Enhanced Risk Management attributes? (Choose two)

Full accountability for risk controls and treatment

Solution offering

Decision making involves risk

Crisis management and process attributes

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