Question 1

What is the role of indicators in measuring progress toward objectives?

Options :

A : Indicators are used to determine if the objectives must be changed in response to changes in the external or internal context.

B : Indicators measure quantitative or qualitative progress toward an objective.

C : Indicators are used to evaluate the appropriateness of the organization’s selection of objectives.

D : Indicators are used to calculate the return on investment for various projects and initiatives.

Answer: B

Question 2

Which of these would not trigger the reconsideration of internal factors within an organization?

Options :

A : Fluctuations in the stock market and economic conditions.

B : Ordinary seasonal fluctuations in purchases.

C : The launch of a new product or service by a competitor.

D : Changes in government regulations and industry standards.

Answer: B

Question 3

In the IACM, what are the two types of Proactive Actions & Controls?

Options :

A : Reactive Actions & Controls and Passive Actions & Controls

B : Prevent/Deter Actions & Controls and Promote/Enable Actions & Controls

C : Centralized Actions & Controls and Decentralized Actions & Controls

D : Quantitative Actions & Controls and Qualitative Actions & Controls

Answer: B

Question 4

Why is it important to design specific inquiry routines to detect unfavorable events?

Options :

A : To prioritize the discovery of favorable events.

B : To avoid the need for technology-based inquiry methods.

C : To detect them as soon as possible.

D : To prevent the need for observations and conversations.

Answer: C

Question 5

What is the purpose of implementing ongoing and periodic review activities?

Options :

A : To eliminate the need for external audits.

B : To reduce the overall cost of operations.

C : To gauge the effectiveness, efficiency, responsiveness, and resilience of actions and controls.

D : To have documentation for use in defending against enforcement or legal actions.

Answer: C

Free GRCP Mock Exam – Practice Online Confidently