MORF

MORF practice questions, page 4 of 6, with answer review and explanations.

Question 16

Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

  1. a high-risk appetite
  2. appropriate responses to risks
  3. clear guidance for managers and staff
  4. an assigned risk owner

Question 17

What step is used to determine the likelihood of a risk occurring?

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

Question 18

What is risk exposure?

  1. Amount of risk the organization, or subset of it, is willing to accept
  2. Maximum amount of risk that an organization can bear
  3. Combined effect of risks to a set of objectives
  4. System by which organizations are directed and controlled

Question 19

Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

  1. Implementing business strategy to improve organizational performance
  2. Developing plans to improve the overall efficiency of the organization
  3. Maintaining the appropriate levels of service delivery to new and existing customers
  4. Delivering defined business change products within budget and on time

Question 20

Which BEST describes an area of uncertainty at the operational perspective?

  1. Changes to the delivery schedule of business products
  2. Conflicts during the implementation of business strategy
  3. Capabilities of the infrastructure to deliver services
  4. Opinions of stakeholders that may affect the organizational reputation