Authorized GAQM ISO-31000-CLA Exam Dumps & New ISO-31000-CLA Study Guide

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The ISO-31000-CLA exam is designed to test candidates' understanding of risk management principles and their ability to apply them in real-world situations. ISO-31000-CLA exam covers the entire risk management process, from identifying and assessing risks to implementing and monitoring risk management strategies. It also focuses on the importance of communication and collaboration in effective risk management.

The ISO-31000-CLA certification exam is a computer-based, multiple-choice exam that consists of 100 questions. Candidates have 3 hours to complete the exam, and a passing score of 60% is required to earn the certification. ISO-31000-CLA exam is available in multiple languages, including English, French, Spanish, and Chinese, making it accessible to a global audience.

GAQM ISO-31000-CLA certification is ideal for professionals who are responsible for managing risks in their organizations, such as risk managers, compliance officers, and internal auditors. It is also suitable for consultants and trainers who provide risk management services to clients. By earning this certification, you will demonstrate your expertise in risk management and enhance your career prospects.

Authorized GAQM ISO-31000-CLA Exam Dumps

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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q87-Q92):

NEW QUESTION # 87
What does the probability of occurrence multiplied by the impact of the event, equals to

A. Risk Level
B. Risk Scale
C. Risk Tangent
D. Risk Magnitude

Answer: D

Explanation:
Explanation
According to , page 13-14, probability multiplied by impact equals risk magnitude which is "a measure that reflects both likelihood and consequences". It can be used as an indicator for prioritizing risks.

NEW QUESTION # 88
From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

A. Going horse riding without wearing a riding helmet.
B. Selling his house even though he receives less than he paid for it because he thinks prices will fall further.
C. Buying 100 lottery tickets

Answer: A

Explanation:
Explanation
According to 1, page 9, pure risk is "a situation where there are only two possible outcomes: loss or no loss".
Buying lottery tickets and selling a house are examples of speculative risk, where there is a possibility of gain or loss. Going horse riding without a helmet is an example of pure risk, where there is only a possibility of loss (injury) or no loss.

NEW QUESTION # 89
Which of the following are two ISO 31000:2018 risk management principles? (Choose two)

A. Customized
B. Integrated
C. Statistical
D. Strategy
E. Functional
F. Design

Answer: A,B

Explanation:
Explanation
Integrated and customized are two of the nine risk management principles in ISO 31000:20181. Integrated means that risk management is an integral part of all organizational activities. Customized means that risk management is aligned with the organization's external and internal context and risk profile.

NEW QUESTION # 90
Uncertainties may involve: (Choose two)

A. The processed to know upcoming security issues
B. Appointing security analyst
C. The process used to conduct the risk analysis
D. Differing abilities among risk analysts

Answer: C,D

Explanation:
Explanation
Uncertainties may involve the process used to conduct the risk analysis and differing abilities among risk analysts. These are examples of factors that can affect the quality and reliability of risk assessment1.

NEW QUESTION # 91
Who serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter?

A. Chief Information Officer (CIO)
B. Quality Auditor (QA)
C. Chief Risk Officer (CRO)
D. Risk Owner (RO)

Answer: C

Explanation:
Explanation
Chief Risk Officer (CRO) serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter. CRO leads the development and implementation of the organization's risk management framework and process.

NEW QUESTION # 92
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