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The GAQM ISO-31000-CLA (ISO 31000 - Certified Lead Risk Manager) Exam is a valuable certification for anyone who wants to demonstrate their expertise in risk management. It is an internationally recognized certification that covers a comprehensive framework for managing risks in any organization. This certification can lead to career advancement opportunities and demonstrate a commitment to ongoing professional development.

The ISO-31000-CLA certification exam covers a range of topics related to risk management, including risk identification, risk assessment, risk treatment, risk communication, and risk monitoring and review. The exam is designed to test the candidate's knowledge of the ISO 31000 standard and their ability to apply it in real-world situations. The exam consists of 150 multiple-choice questions, and candidates are given 3 hours to complete it.

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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q79-Q84):

NEW QUESTION # 79
The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations.

  • A. True
  • B. False

Answer: A

Explanation:
Explanation
The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations4.
This is part of establishing the context for risk management, which involves defining the scope, objectives, criteria, roles and responsibilities for risk management.


NEW QUESTION # 80
A systemic risk involves:

  • A. A risk that an event will cause multiple key people in an organization to leave at once
  • B. A risk that loss in one area of an organization may cause loss in another area of the organization
  • C. A risk that all of the current suppliers of an organization's inputs will be unable to produce the inputs
  • D. A potential major disruption in the function of an entire market or financial system

Answer: D

Explanation:
Explanation
According to 1, systemic risk is "the possibility that an event at the company level could trigger severe instability or collapse an entire industry or economy". It is different from other types of risks that affect only specific parts or aspects of an organization


NEW QUESTION # 81
Which of the following consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries?

  • A. ISO 27001:2013
  • B. ISO 31000:2018
  • C. ISO 14001:2018
  • D. ISO 9001:2015

Answer: B

Explanation:
Explanation
ISO 31000:2018 consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries . It provides guidelines on managing any type of risk faced by organizations.


NEW QUESTION # 82
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?

  • A. Risk correlation.
  • B. Hazard management.
  • C. Core processes.

Answer: C

Explanation:
Explanation
According to 1, page 11, core processes are "the activities that an organization performs in order to deliver its products or services". They are essential for achieving the organization's objectives and creating value for its stakeholders. Therefore, core processes should be considered when linking risk to an organization.


NEW QUESTION # 83
The risk management landscape has changed dramatically in recent history because of changes in all but which of the above?

  • A. Globalization
  • B. Technology
  • C. Finance
  • D. Global warming

Answer: D

Explanation:
Explanation
According to , page 3, some of the drivers for change in risk management landscape include technology (such as digitalization, automation, artificial intelligence), globalization (such as increased interdependence, complexity and diversity), finance (such as financial crises, regulations, standards) but not global warming.


NEW QUESTION # 84
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