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GRCP Exam Dumps - GRC Professional Certification Exam

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Question # 4

In the context of GRC, what is the significance of setting objectives that are specific, measurable, achievable, relevant, and timebound (SMART)?

A.

SMART objectives can be more easily communicated to stakeholders to gain their confidence

B.

SMART objectives allow the organization to avoid accountability and responsibility for failing to achieve objectives

C.

SMART objectives provide clarity, focus, and direction and help ensure that objectives are effectively aligned with the organization’s goals and priorities

D.

SMART objectives are only relevant for financial objectives and have no impact on non-financial objectives

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Question # 5

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

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 compliance-related risks. Compliance involves meeting mandatory and voluntary obligations, while compliance-related 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.

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Question # 6

(How do mission, vision, and values contribute to guiding an organization's overall goals and strategies?)

A.

They define the organization’s direction on exactly how employees should make decisions about the business

B.

They outline when managers must make decisions and when employees may make decisions

C.

They provide formal statements about core values, aims, and key stakeholders, serving as a clear and consistent statement of the organization’s overall purpose and direction

D.

They specify the goals of the organization so that each manager can make his or her own decisions about how to contribute toward those goals

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Question # 7

How are opportunities, obstacles, and obligations prioritized for further analysis?

A.

Based on identification criteria and the priority of associated objectives

B.

Based on the business units they relate to and how important those units are to the achievement of objectives

C.

Based on the items identified as top priorities at the enterprise level taking higher priority than any unit-based items

D.

Based on the preferences of the executive management team

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Question # 8

GRC Professionals, known as "Protectors," work to achieve a specific goal referred to as Principled Performance. Which of the following best describes Principled Performance®?

A.

To reliably achieve objectives, address uncertainty, and act with integrity – to produce and preserve value simultaneously.

B.

To maximize profits and minimize losses.

C.

To ensure compliance with all legal requirements.

D.

To eliminate all risks and uncertainties.

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