Practice Free GRCP Exam Online Questions
Question #41
What is the measure of the degree to which obligations and requirements are addressed?
- A . Noncompliance
- B . Compliance
- C . Violation
- D . Deviation
Correct Answer: B
Question #42
What are the three orientations of actions and controls in the PERFORM component?
- A . Short-term, medium-term, and long-term orientations
- B . Financial, operational, and reputational orientations
- C . Management, governance, and assurance orientations
- D . Strategic, operational, and tactical orientations
Correct Answer: D
Question #43
In the context of Total Performance, what does it mean for an education program to be "Lean"?
- A . The education program can quickly respond to changes and promptly detect and correct errors
- B . The education program is formally documented and consistently managed to be efficient
- C . The education program is resistant to disruptions and has backup plans that do not add an expense or need more resources than the original plans
- D . The education program evaluates the cost of educating the workforce, assessing whether the cost per worker is going up or down, and comparing the cost to organizations of similar size
Correct Answer: B
Question #44
What is the relationship between monitoring and assurance activities in identifying opportunities for improvement?
- A . Monitoring activities focus on improvement, while assurance activities focus on risk assessment
- B . Monitoring and assurance activities have no relationship and operate independently
- C . Monitoring activities are related to financial improvement, while assurance activities are related to operational improvement
- D . Both monitoring and assurance activities identify opportunities to improve total performance
Correct Answer: D
Question #45
What role do mission, vision, and values play in the ALIGN component?
- A . They specify the processes as well as the technology and tools used in the alignment process.
- B . They determine the allocation of financial resources within the organization.
- C . They outline the legal and regulatory requirements that the organization must satisfy and define how they relate to the business objectives.
- D . They provide clear direction and decision-making criteria and should be well-defined and consistently communicated throughout the organization.
Correct Answer: D
Question #46
In the IACM, what is the role of Prevent/Deter Actions & Controls?
- A . To decrease the likelihood of unfavorable events
- B . To identify areas in the organization where compliance issues may arise
- C . To promote collaboration and teamwork among employees
- D . To ensure compliance with industry-specific regulations
Correct Answer: A
Question #47
What are some considerations to keep in mind when attempting to influence an organization’s culture?
- A . Culture change requires long-term commitment, consistent modeling in both words and deeds, and reinforcement by leaders and the workforce.
- B . Culture change is not necessary as long as the organization is meeting its financial targets.
- C . Culture change can be achieved quickly through the implementation of new policies and procedures if there is adequate training provided.
- D . Culture change is solely dependent on the decisions made by the executive leadership team and how they model desired behavior.
Correct Answer: A
Question #48
How does the IACM address unfavorable events related to obstacles?
- A . By focusing on opportunities
- B . By decreasing the ultimate likelihood and impact of harm
- C . By implementing a flat organizational structure
- D . By conducting regular employee satisfaction surveys
Correct Answer: B
Question #49
How can organizations recover from negative conduct, events, and conditions, and correct identified weaknesses within their governance, management, and assurance processes?
- A . Through open and transparent acknowledgment of the identified unfavorable conduct or events and acceptance of responsibility by the CEO.
- B . Through the application of responsive actions and controls that recover from unfavorable conduct, events, and conditions; correct identified weaknesses; execute necessary discipline; recognize and reinforce favorable conduct; and deter future undesired conduct or conditions.
- C . Through the use of both technology and physical actions and controls to recover from negative conduct and conditions, correct identified weaknesses, and establish barriers to future misconduct.
- D . Through focusing on promoting positive behavior and establishing reward systems for employees who identify weaknesses in the systems of control.
Correct Answer: B
Question #50
How do organizations address opportunities and obstacles?
- A . Opportunities are addressed by expanding the product portfolio; obstacles are addressed by changing objectives
- B . Opportunities are addressed through aggressive marketing and sales strategies; obstacles are addressed through cost-cutting measures
- C . Opportunities are addressed using performance management systems and key performance indicators (KPIs); obstacles are addressed using risk management systems and key risk indicators (KRIs)
- D . Opportunities are addressed through decisions made at the unit or department level; obstacles are addressed at the governing body level
Correct Answer: C