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RIMS-CRMP QUESTIONS WITH 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED
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RIMS-CRMP QUESTIONS WITH 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED
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EstudyRIMS-CRMP QUESTIONS WITH 100% CORRECT ANSWERS |
ESTUDY LATEST, ALL ANSWERED
### 1. 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
**Answer: D) way an organization creates value**
### 2. Which two tools are particularly useful for analyzing a 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
**Answer: D) Value chain analysis and benchmarking**
### 3. 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
**Answer: D) potential vulnerabilities to the organization**
### 4. After gathering internal and external information, what is the risk management professional's
next step?
- A) Analyze the information
- B) Organize the information
- C) Prioritize the information
- D) Report the information
**Answer: B) Organize the information**
### 5. Which technique should a risk management professional use to gather information from multiple
departments in a brainstorming session to identify shared risks?
- A) Checklists
- B) Flowcharts
- C) Workshops
- D) Questionnaires
**Answer: C) Workshops**
, Estudy
### 6. When analyzing an organization's value chain, which of the following is considered a primary
activity?
- A) Technological development
- B) Human resources management
- C) Infrastructure management
- D) Outbound logistics
**Answer: D) Outbound logistics**
### 7. 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
**Answer: B) Inputs in the development of**
### 8. When defining the success measures for the organization's risk strategy, which of the following is
a key step?
- A) Reviewing the goals and objectives of the risk strategy
- B) Selecting appropriate media for communicating the risk strategy
- C) Analyzing the total cost of insurable risk
- D) Developing timelines for implementing the risk strategy
**Answer: A) Reviewing the goals and objectives of the risk strategy**
### 9. 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
**Answer: C) Risk strategy approach**
### 10. An effective risk communication strategy requires selecting appropriate ______.
- A) Coaches
- B) Data points
- C) Media channels
- D) Metrics
**Answer: C) Media channels**
### 11. Which of the following is considered a risk analysis technique?
- A) Budget allocation
- B) Consensus building
- C) Insurance placement
- D) Monte Carlo simulation
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