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RIMS-CRMP Questions with Detailed Verified
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 Ans: 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
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D. Value chain analysis and benchmarking Ans: 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 Ans: 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 Ans: B. organize the information
Which risk identification and analysis technique should a risk
management professional use in order to gather information from
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multiple departments in a brainstorming session that helps to identify
shared risks within an organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires Ans: 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 Ans: 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
RIMS-CRMP Questions with Detailed Verified
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 Ans: 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
, Page | 2
D. Value chain analysis and benchmarking Ans: 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 Ans: 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 Ans: B. organize the information
Which risk identification and analysis technique should a risk
management professional use in order to gather information from
, Page | 3
multiple departments in a brainstorming session that helps to identify
shared risks within an organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires Ans: 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 Ans: 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
