Question 1

What is the significance of a vision statement in inspiring and motivating employees, stakeholders, and customers?

Options :

A : It specifies the organization-s views on ethical issues facing it.

B :

It describes what the organization aspires to be and why it matters, serving as a guidepost for long-term strategic planning and inspiring and motivating employees, stakeholders, and customers.

C :

It details the organization-s sales targets and revenue projections to motivate employees to work hard and meet those goals.

D : It outlines the organization-s succession planning and leadership development.

Answer: B

Question 2

What is the design option that involves ceasing all activity or terminating sources that give rise to the opportunity, obstacle, or obligation?

Options :

A : Accept

B : Share

C : Avoid

D : Control

Answer: C

Question 3

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

Options :

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.

Answer: C

Question 4

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

Question 5

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

Options :

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 compliancerelated risks. Compliance involves meeting mandatory and voluntary obligations, while compliancerelated 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.

Answer: C

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