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GRCP Exam Dumps - GRC Professional Certification Exam

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Question # 49

In the LEARN component, what is the difference between external context and internal context?

A.

External context includes the organization's risk management policies, while internal context includes its compliance procedures

B.

External context represents the operating environment, while internal context represents capabilities and resources

C.

External context refers to the organization's financial performance, while internal context refers to its governance structure

D.

External context encompasses the organization's mission and vision, while internal context encompasses its values and culture

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Question # 50

What is the benefit of recognizing, compounding, and accelerating the impact of favorable events?

A.

To preserve records and other evidence for investigation

B.

To ensure confidentiality of the information and determine privilege

C.

To apply consistent discipline to individuals at fault

D.

To maximize benefit and promote future occurrence of favorable events

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Question # 51

What are the key measurement criteria for the REVIEW component?

A.

Quality, Safety, Compliance, and Sustainability.

B.

Effective, Efficient, Agile, and Resilient.

C.

Leadership, Collaboration, Innovation, and Diversity.

D.

Revenue, Profit, Market Share, and Growth.

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Question # 52

The Critical Discipline skills of Compliance & Ethics help organizations through which of the following?

A.

Setting direction, setting objectives and indicators, identifying opportunities, aligning strategies, and managing systems

B.

Planning for risks, identifying risks, assessing risks, addressing risks, measuring and monitoring risks, and using decision science

C.

Identifying mandatory and voluntary obligations, assessing risk, setting policy, educating the workforce, and shaping ethical culture

D.

Fostering creativity, encouraging innovation, facilitating brainstorming, supporting idea generation, and promoting design thinking

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Question # 53

Who are key external stakeholders that may significantly influence an organization?

A.

Distributors, resellers, and franchisees.

B.

Competitors, employees, and board members.

C.

Marketing agencies, legal advisors, and auditors.

D.

Customers, shareholders, creditors and lenders, government, and non-governmental organizations.

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Question # 54

What does it mean for an organization's GRC practices to be at Level 3 in the Maturity Model?

A.

Practices are formally documented and consistently managed, ensuring that the team follows documented practices and maintains learner records

B.

Practices are measured and managed with data-driven evidence, generating enough data and indicators to judge the effectiveness

C.

Practices are consistently improved over time, with the team demonstrating continuous improvement in GRC capabilities

D.

Practices are improvised, ad hoc, and often chaotic, with no formal documentation but they are similar in design

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Question # 55

What is the goal of implementing an internal investigation?

A.

To compound and accelerate the impact of favorable events

B.

To provide incentives to employees for favorable conduct

C.

To ensure timely and consistent reporting to applicable stakeholders

D.

To address allegations or indications of unfavorable events and respond to external inquiries and investigations

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Question # 56

How do assurance activities contribute to justified conclusions and confidence about total performance?

A.

By evaluating subject matter so that information consumers can trust what is stated or claimed

B.

By implementing new technologies and software systems

C.

By conducting market research and analyzing customer feedback

D.

By organizing team-building activities and workshops

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