RIMS-CRMP Newest Updated Exam with accurate detailed || || || || || || ||
solutions
A business model is a set of assumptions about the ______
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A. financial stability of an organization
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B. organizational structure of a business
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C. products and services past performance
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D. way an organization creates value - ✔✔D. way an organization creates value
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What two analytical tools are particularly useful in analyzing the business model?
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A. Key performance indicators and total cost of risk
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B. Key risk indicators and gap analysis
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C. Pareto analysis and root cause analysis
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D. Value chain analysis and benchmarking - ✔✔D. Value chain analysis and benchmarking
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Risk management professionals conduct supply-chain analyses to identify
|| || || || || || || ||
_______________ . || ||
A. contingent business interruption coverage
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B. customer technology needs
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C. international regulatory requirements
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D. potential vulnerabilities to the organization - ✔✔D. potential vulnerabilities to the
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organization
,Which activity does the risk management professional perform immediately after obtaining
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internal and external information about the organization?
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A. analyze the information
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B. organize the information
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C. prioritize the information
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D. report the information - ✔✔B. organize the information
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Which risk identification and analysis technique should a risk management professional
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use in order to gather information from multiple departments in a brainstorming session
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that helps to identify shared risks within an organization?
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A. checklists
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B. flowcharts
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C. workshops
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D. questionnaires - ✔✔C. workshops
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When analyzing an organization's value chain, which of the following would be considered
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a primary activity?
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A. technological development
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B. human resources management
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C. infrastructure management
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D. outbound logistics - ✔✔D. outbound logistics
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, The organization's resources and internal support are ________ the risk management
|| || || || || || || || || || ||
strategy. ||
A. adjustable to match
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B. inputs in the development of
|| || || || || ||
C. metrics used to measure the value of
|| || || || || || || ||
D. outcomes of the development of - ✔✔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
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B. a selection of appropriate media for communicating the risk strategy
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C. an analysis of the organization's total cost of insurable risk
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D. the development of timelines for implementing the risk strategy - ✔✔A. a review of the
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goals and objectives of the risk strategy
|| || || || || ||
Which of the following BEST guides an organization's risk management decision-making
|| || || || || || || || || || ||
process? ||
A. risk financing opportunities
|| || || ||
B. risk retention levels
|| || || ||
C. risk strategy approach
|| || || ||
D. risk treatment options - ✔✔C. risk strategy approach
|| || || || || || || ||
An effective risk communication strategy requires the selection of appropriate
|| || || || || || || || || ||
_______________ . || ||
solutions
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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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
|| || || || || || || || || || ||
C. an analysis of the organization's total cost of insurable risk
|| || || || || || || || || || ||
D. the development of timelines for implementing the risk strategy - ✔✔A. a review of the
|| || || || || || || || || || || || || || || ||
goals and objectives of the risk strategy
|| || || || || ||
Which of the following BEST guides an organization's risk management decision-making
|| || || || || || || || || || ||
process? ||
A. risk financing opportunities
|| || || ||
B. risk retention levels
|| || || ||
C. risk strategy approach
|| || || ||
D. risk treatment options - ✔✔C. risk strategy approach
|| || || || || || || ||
An effective risk communication strategy requires the selection of appropriate
|| || || || || || || || || ||
_______________ . || ||
