MORF

MORF practice questions, page 2 of 6, with answer review and explanations.

Question 6

What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?

  1. Identify
  2. Assess
  3. Plan
  4. Implement

Question 7

Which is NOT a reason for carrying out an ‘M_o_R health check?

  1. Identify areas for improvement
  2. Help gain maximum value from investment in risk management
  3. Provide a snapshot of the current status of identified risks
  4. Review how well risk management practices have been embedded

Question 8

Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

  1. Determine which other risks will occur if a risk occurs
  2. Calculate the total risk exposure for the activity
  3. Evaluate the effectiveness of risk management across the organization
  4. Determine which risks are independent of other risks

Question 9

Which role provides sponsorship to ensure that risk management is embraced within the organization?

  1. Senior manager
  2. Manager
  3. Assurance
  4. Risk specialist

Question 10

What step is used to determine the time period when a risk might occur?

  1. Identify - risks
  2. Assess - estimate
  3. Assess - evaluate
  4. Identify – context