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Exam GRCP Preparation, GRCP Authorized Exam Dumps
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OCEG GRC Professional Certification Exam Sample Questions (Q77-Q82):
NEW QUESTION # 77
What is the primary responsibility of the Fourth Line in the Lines of Accountability Model?
- A. The Fourth Line, which is the Procurement Department, is responsible for managing vendor relationships and procurement processes.
- B. The Fourth Line, which is the Compliance Department, is responsible for establishing actions and controls to address regulatory and policy requirements.
- C. The Fourth Line, which is the HR department, is responsible for providing training and development opportunities to employees.
- D. The Fourth Line, which is the Executive Team, is accountable and responsible for organization-wide performance, risk, and compliance.
Answer: D
Explanation:
TheFourth Linein theLines of Accountability Modelrefers to theExecutive Team, which holds responsibility fororganization-wide performance, risk, and compliance.
* Primary Responsibility:
* The Executive Team sets the strategic direction and ensures that governance, risk, and compliance efforts are aligned with organizational objectives.
* Key Activities:
* Overseeing implementation of enterprise-wide policies and controls.
* Ensuring accountability at all levels for performance, risk management, and compliance.
* Why Other Options Are Incorrect:
* A: Procurement is an operational function under the First Line.
* B: HR falls under specific functions, not organization-wide governance.
* C: Compliance is a Second Line responsibility, not the Fourth Line.
References:
* OCEG GRC Capability Model: Discusses roles of the Fourth Line in overall accountability.
* COSO ERM Framework: Highlights the role of executives in enterprise-wide governance.
NEW QUESTION # 78
In the context of Total Performance, how is responsiveness measured in the assessment of an education program?
- A. The number of positive reviews received for the education program.
- B. The percentage of employees who pass the final assessment.
- C. Time taken to educate a department, time to achieve 100% coverage, and time to detect and correct errors.
- D. The number of new courses added to the education program each year.
Answer: C
Explanation:
Responsivenessin the context of Total Performance measures how quickly an organization can implement and adapt its education programs to meet objectives and correct issues.
* Key Metrics for Responsiveness:
* Time to Educate: How quickly a department can be trained on new or updated content.
* Coverage Time: The time required to achieve 100% employee participation or compliance.
* Error Correction Time: The speed at which errors in training or implementation are detected and rectified.
* Why Other Options Are Incorrect:
* A: Adding new courses indicates growth but does not measure responsiveness.
* B: Positive reviews reflect satisfaction but do not evaluate responsiveness.
* C: Passing rates measure effectiveness, not how quickly objectives are achieved.
References:
* OCEG GRC Capability Model: Discusses responsiveness as a criterion for evaluating performance.
* ISO 9001 (Quality Management Systems): Highlights the importance of responsiveness in training programs.
NEW QUESTION # 79
What are some examples of informal mechanisms that can capture notifications within an organization?
- A. An open-door policy and direct communication with management.
- B. Standard reporting forms and documentation.
- C. Audits and third-party assessments.
- D. Public announcements and press releases.
Answer: A
Explanation:
Informal mechanismsfor capturing notifications are channels that encourage open and direct communication, fostering a culture where employees and stakeholders feel comfortable reporting concerns.
* Examples of Informal Mechanisms:
* Open-Door Policy: Employees are encouraged to approach management directly with issues or concerns.
* Direct Communication with Management: Enables real-time, informal discussions to raise and address concerns.
* Why Other Options Are Incorrect:
* B: Public announcements and press releases are formal and external communications, not mechanisms for capturing internal notifications.
* C: Standard reporting forms are formal tools, not informal mechanisms.
* D: Audits and third-party assessments are structured evaluations, not informal channels.
References:
* Corporate Communication Models: Discuss the importance of informal mechanisms in fostering open communication.
* OCEG GRC Capability Model: Emphasizes informal notification pathways as part of an effective reporting culture.
NEW QUESTION # 80
How are opportunities, obstacles, and obligations prioritized for further analysis?
- A. Based on the preferences of the executive management team
- B. Based on identification criteria and the priority of associated objectives
- C. Based on the items identified as top priorities at the enterprise level taking higher priority than any unit-based items
- D. Based on the business units they relate to and how important those units are to the achievement of objectives
Answer: B
NEW QUESTION # 81
How is the efficiency of the LEARN component measured in terms of the use of capital?
- A. By measuring changes in the organization's market share and competitive position.
- B. By evaluating the return on investment from undertaking LEARN activities.
- C. By assessing the efficiency of using financial, physical, human, and information capital to learn.
- D. By analyzing the organization's budget allocation and resource utilization.
Answer: C
Explanation:
Theefficiency of the LEARN componentis assessed by evaluating how effectively the organization uses its various forms of capital to facilitate learning and improve performance.
* Capital Types Utilized:
* Financial Capital: Budget and monetary resources allocated for learning initiatives.
* Physical Capital: Infrastructure and tools supporting learning activities.
* Human Capital: Skills, knowledge, and expertise of employees.
* Information Capital: Data and knowledge systems utilized for decision-making.
* Efficiency Metrics:
* Focuses on the optimal use of these capitals to minimize waste and maximize learning outcomes.
* Why Other Options Are Incorrect:
* A: Market share and competitive position are business performance metrics, not specific to learning efficiency.
* B: Return on investment is an outcome, not the operational efficiency of capital use.
* D: Budget allocation is a component of financial capital but does not encompass all forms of capital.
References:
* OCEG IACM Framework: Discusses capital efficiency in achieving organizational learning goals.
* ISO 30401 (Knowledge Management): Highlights resource utilization in learning and development.
You said:
35. What are some examples of environmental factors that may influence an organization's external context?* O Climate and natural resources O Organizational procurement, vendor selection, and contract negotiation for hazardous waste disposal O Organizational performance metrics, goal setting, and progress tracking regarding climate-related projects O Organizational response to new carbon emission regulations 36. What are some examples of technology factors that may influence an organization's external context? * O Market segmentation, pricing strategies, and promotional activities O Research and Design activity, innovations in materials, mechanical efficiency, and the rate of technological change O How the organization uses technology for employee recruitment, onboarding processes, and performance appraisals O How the organization uses financial forecasting, budgeting, and cost control 37. What are some examples of economic factors that may influence an organization's external context? O Growth, exchange, inflation, and interest rates OProfitability of each line of business O Supply chain management, inventory control, and distribution logistics O Employee retention, job satisfaction, and career development ChatGPT said:
GPT Icon
NEW QUESTION # 82
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