00M-624 Question 18
Which of the following statements is a principle of GRC convergence?
A. Requires collaboration and coordination.
B. Enables the client to assess risks many times and satisfy few.
C. Is a natural occurrence in any organization.
D. Has no impact on the culture or the organisation.
Answer: A
Friday, July 19, 2013
00M-624 Question 17
00M-624 Question 17
The Enterprise Governance, Risk and Compliance (EGRC) platform market derives from the need for entities to improve the oversight of corporate governance.
What is one definition of EGRC?
A. The state or fact of according with or meeting rules and standards.
B. A risk arising from execution of a company’s business functions.
C. The management, measurement, remediation and reporting of controls and risks against objectives in accordance with rules, regulations, standards, policies and business decisions.
D. A set of agreements set by the Basel committee on Bank Supervision, which provides recommendations on banking regulations to capital.
Answer: C
The Enterprise Governance, Risk and Compliance (EGRC) platform market derives from the need for entities to improve the oversight of corporate governance.
What is one definition of EGRC?
A. The state or fact of according with or meeting rules and standards.
B. A risk arising from execution of a company’s business functions.
C. The management, measurement, remediation and reporting of controls and risks against objectives in accordance with rules, regulations, standards, policies and business decisions.
D. A set of agreements set by the Basel committee on Bank Supervision, which provides recommendations on banking regulations to capital.
Answer: C
00M-624 Question 16
00M-624 Question 16
What is one key question to ask your prospects who are evaluating Governance, Risk and Compliance solutions?
A. How does your organization currently document and report on employee new hire sales training certifications?
B. How effective are your current sales metrics?
C. What is your organization currently using to document, test and report on your financial control compliance?
D. Do you have visibility into your sales pipeline throughout your organization?
Answer: C
What is one key question to ask your prospects who are evaluating Governance, Risk and Compliance solutions?
A. How does your organization currently document and report on employee new hire sales training certifications?
B. How effective are your current sales metrics?
C. What is your organization currently using to document, test and report on your financial control compliance?
D. Do you have visibility into your sales pipeline throughout your organization?
Answer: C
00M-624 Question 15
00M-624 Question 15
Which statement reflects one of the benefits of the IBM OpenPages GRC platform?
A. OpenPages provides a method to calculate Monte Carlo based calculations to assess risks.
B. Empowers IT to be the focal point of all decision making activities with in the organization.
C. OpenPages provides static reports which can be used by all.
D. Empowers decision makers with scalable interactive reporting, decision support, and forecasting tools.
Answer: D
Reference: http://public.dhe.ibm.com/common/ssi/ecm/en/ytd03107usen/YTD03107USEN.PDF (page 2, see 4th bullet on the page)
Which statement reflects one of the benefits of the IBM OpenPages GRC platform?
A. OpenPages provides a method to calculate Monte Carlo based calculations to assess risks.
B. Empowers IT to be the focal point of all decision making activities with in the organization.
C. OpenPages provides static reports which can be used by all.
D. Empowers decision makers with scalable interactive reporting, decision support, and forecasting tools.
Answer: D
Reference: http://public.dhe.ibm.com/common/ssi/ecm/en/ytd03107usen/YTD03107USEN.PDF (page 2, see 4th bullet on the page)
00M-624 Question 14
00M-624 Question 14
GRC solutions assist with overcoming the challenges of managing risk across the organization.
What is one of the key capabilities with using a GRC tool to overcome these challenges?
A. Disparate systems, multiple data marts and spreadsheets
B. No visibility into risk posture
C. Centralized, multi-regulatory platform
D. Integration with social media
Answer: C
GRC solutions assist with overcoming the challenges of managing risk across the organization.
What is one of the key capabilities with using a GRC tool to overcome these challenges?
A. Disparate systems, multiple data marts and spreadsheets
B. No visibility into risk posture
C. Centralized, multi-regulatory platform
D. Integration with social media
Answer: C
00M-624 Question 13
00M-624 Question 13
According to the CRO Forum with regard to Operational Risk and Solvency II, “At the heart of operational risk management is a clear understanding of the operational risk events that may occur and the strength of the company’s processes and mitigation activities to prevent or respond to such events.
From the list below, what should an operational risk management system encompass?
A. Risk policy, Risk appetite, Risk tolerance, Risk identification, Risk assessment, Risk monitoring and Risk mitigation
B. Risk policy, Risk appetite, Risk scaling and Risk mitigation
C. Risk policy, Risk scripting, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
D. Risk policy, Risk predictions, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
Answer: A
Reference: http://webcache.googleusercontent.com/search?q=cache:CPdi6li3hJwJ:www.hms.co.il/download/get/cromay2009/84/+&cd=2&hl=en&ct=clnk (page 5, see the 3rd bullet, 4 sub bullets)
According to the CRO Forum with regard to Operational Risk and Solvency II, “At the heart of operational risk management is a clear understanding of the operational risk events that may occur and the strength of the company’s processes and mitigation activities to prevent or respond to such events.
From the list below, what should an operational risk management system encompass?
A. Risk policy, Risk appetite, Risk tolerance, Risk identification, Risk assessment, Risk monitoring and Risk mitigation
B. Risk policy, Risk appetite, Risk scaling and Risk mitigation
C. Risk policy, Risk scripting, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
D. Risk policy, Risk predictions, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
Answer: A
Reference: http://webcache.googleusercontent.com/search?q=cache:CPdi6li3hJwJ:www.hms.co.il/download/get/cromay2009/84/+&cd=2&hl=en&ct=clnk (page 5, see the 3rd bullet, 4 sub bullets)
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