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GRCP Exam Dumps - GRC Professional Certification Exam

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Question # 4

What is the difference between a hazard and an obstacle in the context of uncertainty?

A.

A hazard is a measure of the negative impact on the organization, while an obstacle is a state of conditions that create a hazard.

B.

A hazard affects the likelihood of an event, while an obstacle is a hazard with significant impact on objectives.

C.

A hazard is a cause that has the potential to eventually result in harm, while an obstacle is an event that may have a negative effect on objectives.

D.

A hazard is a type of obstacle, while an obstacle is an overarching category of threat.

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Question # 5

Why is it essential to ensure that every issue or incident is addressed?

A.

To provide incentives to employees for favorable conduct.

B.

To compound and accelerate the impact of favorable events.

C.

To maintain employee and other stakeholder confidence in the system’s effectiveness.

D.

To escalate incidents for investigation and identify them as in-house or external.

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Question # 6

What is the role of the mission statement in guiding decision-making and priority-setting within an organization?

A.

It outlines the organization’s budget and financial goals which must be considered in every type of decision

B.

It describes the organization’s product development plans that must be considered when making decisions and setting priorities

C.

It serves as a clear and consistent statement of the organization’s overall purpose and direction, guiding decision-making and priority-setting

D.

It defines the roles and responsibilities of each department

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Question # 7

What are some examples of economic factors that may influence an organization's external context?

A.

Growth, exchange, inflation, and interest rates

B.

Profitability of each line of business

C.

Supply chain management, inventory control, and distribution logistics

D.

Employee retention, job satisfaction, and career development

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Question # 8

How do organizational values contribute to acting with integrity?

A.

Adhering to established organizational values helps create a shared sense of purpose and direction, aligning actions and decisions with the organization's mission and goals

B.

Organizational values contribute to acting with integrity by increasing the organization’s market share and profitability, which will satisfy shareholders to whom promises were made

C.

Organizational values contribute to acting with integrity by allowing the organization to bypass certain legal and regulatory requirements

D.

Organizational values contribute to acting with integrity by reducing the likelihood of enforcement actions because the organization is self-regulating

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