Most Recent GAQM ISO-31000-CLA Exam Dumps

Prepare for the GAQM ISO 31000 - Certified Lead Risk Manager exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the GAQM ISO-31000-CLA exam and achieve success.

The questions for ISO-31000-CLA were last updated on Apr 1, 2025.

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Question No. 1

What is a primary benefit of a commercial customer self-insuring a risk?

AClaims costs will reduce

BControllability of risk will increase

CIts short-term cash-flow position is likely to improve.

DStaff training requirements will decrease.

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Correct Answer: C

A primary benefit of a commercial customer self-insuring a risk is that its short-term cash-flow position is likely to improve. This is because self-insurance reduces or eliminates insurance premiums and administrative costs associated with external insurers.

Question No. 2

Which type of risk remains after risk treatment has been applied?

AControlled risk

BResidual risk

CAvoidance risk

DAccepted risk

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Correct Answer: B

Residual risk is the type of risk that remains after risk treatment has been applied1. Residual risk reflects the remaining exposure or uncertainty after taking into account existing controls.

Question No. 3

Which of the following are ISO 31000:2009 Enhanced Risk Management attributes? (Choose two)

AFull accountability for risk controls and treatment

BSolution offering

CDecision making involves risk

DCrisis management and process attributes

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Correct Answer: A, C

Full accountability for risk controls and treatment and decision making involves risk are two of the enhanced risk management attributes according to ISO 31000:20091. These attributes indicate that risk management is integrated into governance and decision-making processes.

Question No. 4

Relying on historic analysis when assessing potential risks and possible impacts implies that

Ashould adverse events occur, the impact can be accurately modelled.

Ball significant risks can be confidently analysed.

Cmanagement believe that the future will behave much like the past.

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Correct Answer: C

According to1, page 19, historic analysis is ''a method of risk identification based on past data''. It assumes that past patterns and trends will continue in the future, which may not always be true.

Question No. 5

Risk management processes, outcomes, and activities should be _________.

Aroutable

Bexecutable

Ctraceable

Drectifiable

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Correct Answer: C

Risk management processes, outcomes, and activities should be traceable5. This means that there should be a clear record of how risks were identified, analyzed, evaluated, treated, monitored, reviewed, and communicated.

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