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GRCP Exam Dumps : GRC Professional Certification Exam

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GRC Professional Certification Exam Questions and Answers

Question 1

What is a key difference between objectives that "Change the Organization" and those that "Run the Organization"?

Options:

A.

Objectives that "Change the Organization" are established by the board of directors, while objectives that "Run the Organization" are established by the management team

B.

Objectives that "Change the Organization" are related to the organization's financial performance, while objectives that "Run the Organization" are related to the organization's legal compliance

C.

Objectives that "Change the Organization" focus on change management, employee training and development, while objectives that "Run the Organization" focus on customer satisfaction and sales growth

D.

Objectives that "Change the Organization" inspire progress and produce new value, while objectives that "Run the Organization" allow the organization to maintain what it has achieved, preserve existing value, and notice when value erodes or atrophies

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Question 2

What is the role of likelihood and impact in measuring the effect of uncertainty on objectives?

Options:

A.

Likelihood measures the chance of an event occurring, and impact measures the economic and non-economic consequences

B.

Likelihood measures the number of obstacles, and impact measures the number of opportunities

C.

Likelihood measures the financial gain, and impact measures the financial loss

D.

Likelihood and impact are irrelevant in measuring the effect of uncertainty

Question 3

At a very high level, how can an organization address an opportunity, obstacle, or obligation?

Options:

A.

By avoiding any actions that could lead to uncertainty

B.

By focusing on immediate goals and actions that don't present uncertainty

C.

By obtaining risk insurance

D.

By using design options such as Avoid, Accept, Share, and Control