Question 1

What is the role of a values statement in an organization?

Options :

A :

A values statement reflects the shared beliefs and expectations of the organization-s leadership, employees, and stakeholders and serves as a guide for establishing a positive and productive organizational culture.

B :

A values statement is a legal document that outlines the financial obligations and liabilities of the organization that contribute to its value.

C :

A values statement is a formal agreement between the organization and its suppliers to ensure the timely delivery of goods and services that are essential to building the organization’s value.

D : A values statement is a marketing tool used to attract new customers and investors to the organization.

Answer: A

Question 2

What does "Effectiveness" refer to when assessing Total Performance in the GRC Capability Model?

Options :

A :

The ability of a program to ensure compliance with laws and regulations and avoid issues or incidents of noncompliance

B :

The speed at which a program is implemented and executed with a good design that can be implemented in every department

C :

The soundness and logical design of a program, its alignment with best practices, coverage of topical areas, and impact on intended business objectives

D : The cost savings achieved by implementing a GRC program

Answer: C

Question 3

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

Options :

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 compliancerelated risks. Compliance involves meeting mandatory and voluntary obligations, while compliancerelated 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.

Answer: C

Question 4

Which Critical Discipline of the Protector Skillset includes skills to constrain activities and set direction?

Options :

A : Audit & Assurance

B : Governance & Oversight

C : Risk & Decisions

D : Compliance & Ethics

Answer: B

Question 5

What is the difference between a hazard and an obstacle in the context of uncertainty?

Options :

A :

A hazard is a measure of the negative impact on the organization, while an obstacle is a state of conditions that create a hazard.

B :

A hazard affects the likelihood of an event, while an obstacle is a hazard with significant impact on objectives.

C :

A hazard is a cause that has the potential to eventually result in harm, while an obstacle is an event that may have a negative effect on objectives.

D : A hazard is a type of obstacle, while an obstacle is an overarching category of threat.

Answer: C