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MORF Questions and Answers

Question # 1

Which is NOT a recommended risk response option for an 'opportunity'?

A.

Enhance

B.

Transfer

C.

Share

D.

Reduce

Question # 2

Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A.

Aligns with objectives

B.

Fits the context

C.

Informs decision-making

D.

Provides clear guidance

Question # 3

Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A.

Having a board-level sponsor defined and communicated to all staff

B.

Undertaking qualitative and quantitative assessment of risks

C.

Communicating risk management successes

D.

Having risk delivery linked to performance objectives

Question # 4

What is the purpose of using an M_o_R'health check'?

A.

Understand the nature of risks facing an organization and the actions needed to respond

B.

Provide alternative assurance and approval processes at key decision points within a programme

C.

Examine an organization's current risk management practices to identify areas for improvement

D.

Show which organizational activities that risk management should be applied to

Question # 5

Which is a responsibility of a 'risk actionee'?

A.

Identify risks that might occur to activities in their department

B.

Develop strategies to improve the management of risk

C.

Manage all aspects of an assigned risk

D.

Perform a risk response action to respond to a particular risk

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