OCEG GRCP GRC Professional Certification Exam Online Training

Question #21

What is the term used to describe the measure of the negative effect of uncertainty on objectives?

Question #22

What is the term used to describe the level of risk in the absence of actions and controls?

Question #23

What is the design option that involves ceasing all activity or terminating sources that give rise to the opportunity, obstacle, or obligation?

Question #24

What are beliefs, and how do they influence behavior within an organization?

A . Beliefs are ideas and assumptions held by individuals or groups, often shaped by experiences and perceptions, that influence behavior by informing the values and principles that guide actions and decisions.
B . Beliefs are the organization’s commitments to mandatory and voluntary obligations, and they influence behavior by determining the extent to which individuals fulfill obligations and honor promises.
C . Beliefs are the organization’s understanding of its mission, vision, and values, and they influence behavior by aligning actions with the organization’s higher purpose and long-term goals.
D . Beliefs are the organization’s perceptions of risk and uncertainty, and they influence behavior by guiding actions and controls to address compliance-related risks.

Question #25

What is the duality of compliance, and how does it relate to risk?

A . The duality of compliance refers to the distinction between domestic and international regulations that an organization must follow.
B . The duality of compliance refers to the trade-off between investing in compliance measures and allocating resources to other business areas.
C . The duality of compliance involves addressing both compliance with obligations and compliance-related risks. Compliance involves meeting mandatory and voluntary obligations, while compliance-related risks involve addressing the risk of negative outcomes associated with non-compliance.
D . The duality of compliance refers to the balance between financial gains and ethical considerations in business decisions.

Question #26

What are norms?

A . Norms are customs, rules, or expectations that a group socially reinforces.
B . Norms are the typical ways that the business operates.
C . Norms are the regular employees of an organization as opposed to contractors brought in for unusual (not normal) projects.
D . Norms are the normal or typical financial targets set by the organization.

Question #27

What is compliance, and how is it measured in an organization?

A . Compliance is a measure of the degree to which obligations are proven to be addressed, and it is
measured by assessing requirements, actions & controls to address requirements, and evidence of effectiveness.
B . Compliance is the ability to avoid legal disputes, and it is measured by the number of lawsuits and enforcement actions filed against the organization.
C . Compliance is the financial success of the organization, and it is measured by revenue and profit margins.
D . Compliance is the level of stakeholder satisfaction measured through stakeholder surveys and feedback.

Question #28

In the IACM, what is the role of Compound/Accelerate Actions & Controls?

A . To identify and address any potential conflicts of interest that may compound or accelerate enforcement actions against the company.
B . To enhance the brand image and reputation of the organization.
C . To accelerate and compound the impact of favorable events to increase benefits and promote the future occurrence.
D . To accelerate and compound the benefits of reducing costs.