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CRM Principles of Risk Management Exam, RIMS CRMP Exam Study Guide Common Terms, RIMS-CRMP Vocab/Definitions, RIMS CRMPImplementing the Risk Process, RIMS-CRMP EXAM STUDY GUIDE, RIMS - CRMP Complete Study Guide; |A GRADED$28.49
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CRM Principles of Risk Management Exam, RIMS CRMP Exam Study
Guide Common Terms, RIMS-CRMP Vocab/Definitions, RIMS CRMP-
Implementing the Risk Process, RIMS-CRMP EXAM STUDY GUIDE,
RIMS - CRMP Complete Study Guide; 2024-2025 |A GRADED.
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
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
,D. Value chain analysis and benchmarking - ANSWER-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 - ANSWER-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 - ANSWER-B. organize the information
,Which risk identification and analysis technique should a risk
management professional use in order to gather information from
multiple departments in a brainstorming session that helps to identify
shared risks within an organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires - ANSWER-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. infrastructuret
managemen
D. outbound logistics -
ANSWER-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
C. metrics used to
measure the value of
D. outcomes of the development of - ANSWER-
B. inputs in the development of
When defining the success measures for the organization's risk
strategy, the risk management professional will
include which of the
following steps?
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicating the risk
strategy
C. an analysis of the organization's total cost of insurable risk
D. the development of timelines for implementing the risk strategy -
ANSWER-A. a review of the goals and objectives of the risk strategy
Which of the following BEST guides an organization's risk
management decision-making process?
A. risk financing
opportunities
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