Oceg transcender grc Certification Grcp Exam Questions And Answers Pdf by Ayden q86 vce pdf

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Exam Name:	GRC Professional Certification Exam
Exam Code:	GRCP Dumps
Vendor:	OCEG	Certification:	GRC Certification
Questions:	249 Q&A's	Shared By:	ayden

Question 24

Who has ultimate accountability (plenary accountability) for the governance, management, and assurance of performance, risk, and compliance in the Lines of Accountability Model?

Options:

The Fifth Line, or the Governing Authority (Board).

The Second Line, or the individuals and teams that establish performance, risk, and compliance programs.

The First Line, or the individuals and teams involved in operational activities.

The Third Line, or the individuals and teams that provide assurance.

Discussion

Question 25

How do organizations address opportunities and obstacles?

Options:

Opportunities are addressed by expanding the product portfolio; obstacles are addressed by changing objectives

Opportunities are addressed through aggressive marketing and sales strategies; obstacles are addressed through cost-cutting measures

Opportunities are addressed using performance management systems and key performance indicators (KPIs); obstacles are addressed using risk management systems and key risk indicators (KRIs)

Opportunities are addressed through decisions made at the unit or department level; obstacles are addressed at the governing body level

Discussion

Question 26

Which aspect of culture includes constraining and conscribing the organization, including how the governing authority and executive team are engaged, and whether leadership models behavior in words and deeds?

Options:

Performance culture

Governance culture

Assurance culture

Management culture

Discussion

Question 27

In the context of uncertainty, what is the difference between likelihood and impact?

Options:

Likelihood is the chance of an event occurring after controls are put in place, while impact measures the economic and non-economic consequences of the event

Likelihood is a measure of the chance of an event occurring, while impact is the category or type of risk or reward from the event

Likelihood is a measure of the chance of an event occurring, while impact is the location of the event within the organization

Likelihood is a measure of the chance of an event occurring, while impact measures the economic and non-economic consequences of the event

Discussion

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