Practice Free GRCP Exam Online Questions
Question #1
Culture is difficult or even impossible to "design" because:
- A . People are not motivated to change.
- B . It is an emergent property.
- C . It takes too long.
- D . There are too many subcultures.
Correct Answer: B
Question #2
What is the difference between "Change the Organization" (CTO) objectives and "Run the Organization" (RTO) objectives?
- A . CTO objectives are based on subjective measures, while RTO objectives are based on objective measures
- B . CTO objectives are only relevant for change management planning, while RTO objectives are relevant for operational managers
- C . CTO objectives focus on producing new value and improving performance, while RTO objectives focus on preserving existing value and maintaining service levels
- D . CTO objectives are determined by the board of directors, while RTO objectives are determined by front-line managers
Correct Answer: C
Question #3
What is the purpose of using the SMART model for results and indicators?
- A . To define results and indicators that are Stacked, Monitored, Achievable, Right, and Timely, especially for results and indicators that "run the organization."
- B . To assess the strengths, weaknesses, opportunities, and threats of the organization.
- C . To create a detailed budget and financial forecast for the organization.
- D . To define results and indicators that are Specific, Measurable, Achievable, Relevant, and Time-Bound, especially for results and indicators that "run the organization."
Correct Answer: D
Question #4
What considerations should be taken into account when protecting information associated with notifications?
- A . Allowing unrestricted access to notification and follow-up information by the notifier so that they can see the organization is responding appropriately
- B . Knowing that any legal or regulatory requirements related to data privacy do not apply to hotline reports
- C . Ensuring pathways comply with mandatory requirements in the locale where the notification originates and the organization operates
- D . Knowing that confidentiality and anonymity rights are the same thing
Correct Answer: C
Question #5
What is the role of key performance indicators (KPIs)?
- A . KPIs are subjective measures that are not based on any specific metrics or data
- B . KPIs are indicators that help govern, manage, and provide assurance about performance related to an objective
- C . KPIs are only relevant for external reporting and have no impact on internal decision-making
- D . KPIs are used to determine employee compensation and bonuses
Correct Answer: B
Question #6
In the Maturity Model, which level indicates that practices are evaluated and managed with data-driven evidence?
- A . Level 1 C Initial
- B . Level 2 C Managed
- C . Level 3 C Consistent
- D . Level 4 C Measured
Correct Answer: D
Question #7
In the context of GRC, what is the importance of aligning objectives throughout the organization?
- A . It ensures that superior-level objectives cascade to subordinate units and that subordinate units contribute to the most important objectives and priorities of the organization.
- B . It enables the governing authority to only focus on the highest-level objectives that are tied to financial outcomes.
- C . It frees the organization to focus solely on short-term financial performance.
- D . It eliminates the need for excessive communication and collaboration between different departments within the organization.
Correct Answer: A
Question #8
How is the level of assurance determined in relation to objectivity and competence?
- A . The level of assurance is based on the financial performance of the organization being evaluated.
- B . The level of assurance is a function of the assurance objectivity and assurance competence of the assurance provider.
- C . The level of assurance is determined by the number of years of experience of the assurance provider.
- D . The level of assurance is established by the governing authority based on regulatory requirements.
Correct Answer: B
Question #9
How do strategic goals differ from other objectives within an organization?
- A . Strategic goals are short-term objectives focused on the organization’s daily operations and activities
- B . Strategic goals are specific targets related to the organization’s sales and marketing efforts
- C . Strategic goals are long-term objectives typically set at higher levels of the organization and serve as guideposts for long-term strategic planning
- D . Strategic goals are quantitative measures of the organization’s financial performance and profitability
Correct Answer: C
Question #10
What type of events should be discovered through inquiry?
- A . Both favorable and unfavorable events
- B . Only events related to compliance violations
- C . Only events that exemplify or contradict organizational values
- D . Only events that are reported by external stakeholders
Correct Answer: A