GRCP exam

What is the term used to describe the measure of the negative effect of uncertainty on objectives?A . RiskB . HarmC . ObstacleD . ThreatView AnswerAnswer: A Explanation: Risk is defined as the effect of uncertainty on objectives, encompassing both positive opportunities and negative outcomes. Definition: In GRC and risk...

What is the relationship between the internal context and the culture of an organization within the LEARN component?A . The internal context and culture determine the organization's financial performance.B . The internal context and culture describe the capabilities and resources used to meet stakeholder needs.C . The internal context and...

How do GRC Professionals apply the concept of ‘maturity’ in the GRC Capability Model?A . GRC Professionals apply maturity only to the highest level of the GRC Capability Model.B . GRC Professionals apply maturity at all levels of the GRC Capability Model to assess preparedness to perform practices and support...

In the Lines of Accountability Model, what is the role of the Second Line?A . Individuals and Teams who are responsible for financial reporting and budgeting activities within the organization.B . Individuals and Teams who establish performance, risk, and compliance programs for the First Line and provide oversight through frameworks,...

What are some examples of environmental factors that may influence an organization's external context?A . Climate and natural resourcesB . Organizational procurement, vendor selection, and contract negotiation for hazardous waste disposalC . Organizational performance metrics, goal setting, and progress tracking regarding climate-related projectsD . Organizational response to new carbon emission...

In the context of the Maturity Model, what characterizes practices at Level I?A . Practices are improvised, ad hoc, and often chaotic.B . Practices are formally documented and consistently managed.C . Practices are measured and managed with data-driven evidence.D . Practices are consistently improved over time.View AnswerAnswer: A Explanation: Level...

What is the difference between a mission and a vision?A . The mission states the organization’s purpose and direction, while the vision is an aspirational objective that states what the organization aspires to be.B . The mission is determined by external stakeholders, while the vision is determined by internal stakeholders.C...

Which Critical Discipline of the Protector Skillset includes skills to enhance stakeholder confidence and perform assessments?A . Audit & AssuranceB . Security & ContinuityC . Governance & OversightD . Strategy & PerformanceView AnswerAnswer: A Explanation: The Audit & Assurance discipline in the Protector Skillset focuses on assessing organizational activities, processes,...

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...

Which category of actions & controls in the IACM includes formal statements and rules about organizational intentions and expectations?A . InformationB . PeopleC . TechnologyD . PolicyView AnswerAnswer: D Explanation: The Policy category in the IACM encompasses formal statements, rules, and guidelines that articulate the organization’s intentions and expectations. Role...