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GRCP Reliable Dumps Questions - New GRCP Test Online
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OCEG GRC Professional Certification Exam Sample Questions (Q230-Q235):
NEW QUESTION # 230
What should be done with information and findings obtained from all pathways in the context of inquiry?
- A. Analysis of information and findings to identify, prioritize, and route findings to management and stakeholders
- B. Discarding information that is not directly related to compliance
- C. Sharing all findings with external stakeholders and the public
- D. Focusing solely on findings related to unfavorable events
Answer: A
NEW QUESTION # 231
How do objectives influence the identification and analysis of opportunities and obstacles in the ALIGN component?
- A. Objectives specify the types of software and technology the governing body wants to have used in the alignment process
- B. Objectives determine the level of risk tolerance for the organization as it addresses opportunities and obstacles
- C. Objectives outline the roles and responsibilities of employees in the alignment process
- D. Objectives drive the identification, analysis, and prioritization of opportunities, obstacles, and opportunities
Answer: D
NEW QUESTION # 232
Why is it important for an organization to balance the needs of diverse stakeholders?
- A. To comply with industry regulations regarding stakeholder management.
- B. To address the requests, wants, or expectations of stakeholders and inform the mission, vision, and objectives of the organization.
- C. To prevent stakeholders from forming alliances against the organization.
- D. To ensure that all stakeholders receive equal consideration.
Answer: B
NEW QUESTION # 233
How do detective actions and controls contribute to managing performance?
- A. They focus on promoting favorable events, which will lead to the reduction of unfavorable events.
- B. They provide investigative capabilities in every part of the organization.
- C. They detect and correct unfavorable events, which will lead to an increase in favorable events.
- D. They indicate progress toward objectives by detecting events that help or hinder performance.
Answer: D
NEW QUESTION # 234
Why is it important to design specific inquiry routines to detect unfavorable events?
- A. To prevent the need for observations and conversations.
- B. To avoid the need for technology-based inquiry methods.
- C. To detect them as soon as possible.
- D. To prioritize the discovery of favorable events.
Answer: C
Explanation:
Designing specific inquiry routines to detect unfavorable events is critical toidentifying and addressing them as soon as possible, minimizing potential harm and enabling timely corrective actions.
* Importance of Early Detection:
* Reduces the likelihood of escalation or further impact.
* Ensures compliance with regulatory and organizational requirements.
* Why Inquiry Routines Matter:
* Focused inquiry routines allow for systematic identification of risks or issues.
* Enhance organizational resilience and responsiveness.
* Why Other Options Are Incorrect:
* A: The focus is on unfavorable events, not favorable ones.
* B: Technology-based methods are an integral part of inquiry routines, not something to avoid.
* D: Observations and conversations are complementary to inquiry routines, not replaced by them.
References:
* ISO 31000 (Risk Management): Emphasizes proactive detection of risks and unfavorable events.
* OCEG GRC Capability Model: Discusses inquiry routines as part of a robust detection framework.
NEW QUESTION # 235
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