Free ISO 31000 – Certified Lead Risk Manager Exam ISO-31000-CLA Exam Practice Test

Causes of risk include all the following except:

• Health, safety and environment
• Finance
• Insurance
• Chemical breakdown

Transparency and inclusiveness are key ISO 31000:2018 attributes.

• True
• False

A train has crashed and is badly damaged. There have been numerous claims from injured passengers as well as a loss of revenue for the train operator. This is an example of

• risk aggregation.
• risk categorisation.
• risk probability.
• risk severity.

Which of the following is becoming the basis for all decision making?

• Risk management
• Crisis management
• Quality management
• Marketing management

Hopkin states “most standard definitions of risk refer to risks being attached to corporate objectives”. What is another important factor to consider when linking risk to an organisation?

• Core processes.
• Hazard management.
• Risk correlation.

Risk management is tailored.

• True
• False

Uncertainties may involve: (Choose two)

• The process used to conduct the risk analysis
• The processed to know upcoming security issues
• Differing abilities among risk analysts
• Appointing security analyst

Understanding the potential causes of risk events will primarily help an organisation to

• comply with corporate governance standards.
• eliminate all risks
• improve internal audit procedures.
• reduce the frequency of loss.

Which of the following statement about operations risk management is incorrect?

• Transparent and inclusive
• Dynamic, iterative and responsive to change
• Disregarding human factors
• Capable of continual improvement and enhancement

Which type of risk framework is expected to improve efficiency by aligning strategy, processes, technology and people?

• Controls, risk and supervision.
• Corporate, governance and control.
• Governance, risk and compliance.
• Supervision, audit and compliance