SHRM Certified Professional CP Risk
Management Interpersonal 2024 Exam
Review Questions and Answers 100% Pass
| Graded A+
Administrator [Date] [Course title]
,1. Significant differ-
1.COSO tends to be more compliance-oriented,
ences between
while ISO is more proactive and is applicable to a
ISO 31000 and
broader range of organizations.
COSO
2. COSO focuses traditional definition of
stakeholders (owners/shareholders), while ISO
reflects a more contem- porary focus on
organizational stakeholders.
2. Risk Manage- 3. COSO risk = adverse, ISO Risk = uncertainty
ment
"coordinated activities to direct and control an
3. Risk manage- organiza- tion with regard to risk."
ment strategies
designed to change the probability of a risk
event occur- ring and/or the degree of its impact
on the organization's objectives
4. Risk Control An action taken to manage a risk
5. COSO Enterprise created in the U.S., primarily for the needs of the
Risk Manage- financial industry and to support financial
ment auditing, (used as frame- work for ISO)
6. Benefits of Risk 1. Support Strategy
Management to
Organization 2. Better response to Risk
3. Consistent Response & Better predictability
4. Efficiencies/Opportunities better identified and
seized
5.Better understanding and management of the
interrela- tionships between Risks
7. Barriers to
Risk 1. Structural - Silo Structures overlook
Management
dependencies
2/
, 2. Cognitive - Lack
of creativity and
openness to
change. If -then
vs. What-if
3/
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StarScoreGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.