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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q98-Q103):
NEW QUESTION # 98
Records and reports provide a continuing account of the risk management system.
- A. True
- B. False
Answer: A
Explanation:
Explanation
Records and reports provide a continuing account of the risk management system2. They help to monitor and review the performance and effectiveness of risk management.
NEW QUESTION # 99
__________ and___________ can result in artifacts and records.
- A. RBPS, RBDM
- B. DBMS, RDBMS
- C. MOS, SMOS
- D. TDMS, VSMS
Answer: B
Explanation:
Explanation
DBMS (Database Management System) and RDBMS (Relational Database Management System) can result in artifacts and records1. These systems are used to store, organize, and manipulate data that can be used for risk management purposes.
NEW QUESTION # 100
Which element is often the biggest challenge in risk implementation?
- A. computation
- B. human
Answer: B
Explanation:
Explanation
Human element is often the biggest challenge in risk implementation. Human element involves overcoming resistance to change, engaging stakeholders, building trust and commitment, and fostering a positive risk culture.
NEW QUESTION # 101
Which of the following is an important aspect with stakeholders, customers, and interested parties is the essential element for maintaining the relevance of enhanced risk management within the structure of a changing context?
- A. Brainstorming
- B. Communication
- C. Interviews
- D. Session Storming
Answer: B
Explanation:
Explanation
Communication with stakeholders, customers, and interested parties is an essential element for maintaining the relevance of enhanced risk management within the structure of a changing context3. Communication helps to establish trust, transparency, accountability, and feedback mechanisms for risk management.
NEW QUESTION # 102
Which management can be used in varied and complex settings?
- A. Safety
- B. Risk
- C. Crisis
- D. Quality
Answer: B
Explanation:
Explanation
Risk management can be used in varied and complex settings . Risk management can help organizations deal with uncertainty and complexity in any type of activity, industry, or sector.
NEW QUESTION # 103
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