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| Topic |
Details |
| Topic 1 |
- Learn Component: This subsection focuses on the learning aspect of the GRC Capability Model, emphasizing foundational knowledge necessary for effective governance practices. A key skill assessed is understanding basic GRC principles to support strategic initiatives.
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| Topic 2 |
- Perform Component: This subsection emphasizes executing GRC activities and implementing controls to manage risks effectively. A key skill assessed is the ability to perform risk assessments and implement necessary actions.
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| Topic 3 |
- GRC Key Concepts: This section of the exam measures the skills of GRC Governance Professionals and covers essential concepts related to reliably achieving objectives, addressing uncertainty, and acting with integrity. It also includes an understanding of the Lines of Accountability™ and the Integrated Action & Control Model™, which provide frameworks for governance and risk management. A key skill assessed is the ability to apply these concepts to enhance organizational performance.
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| Topic 4 |
- GRC Capability Model Details: This section of the exam measures the skills of GRC Strategy Makers and covers detailed components of the GRC Capability Model. It includes understanding various elements and practices, key actions, and controls necessary for effective governance, risk management, and compliance.
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| Topic 5 |
- Review Component: This subsection focuses on reviewing and evaluating GRC practices to ensure continuous improvement. A critical skill evaluated is conducting audits and assessments to identify areas for enhancement in governance practices.
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OCEG GRC Professional Certification Exam Sample Questions (Q201-Q206):
NEW QUESTION # 201
How can inconsistent incentives impact the perception of employees and business partners?
- A. They can increase employee motivation and productivity
- B. They can lead to perceptions of favoritism and mistrust
- C. They can improve the company's public image
- D. They can reduce the risk of legal disputes
Answer: B
NEW QUESTION # 202
A self-legitimizing person, group, or other entity with a direct or indirect invested interest in an organization's actions because of the perceived or actual impact is referred to as?
- A. Stakeholder
- B. Customer
- C. Shareholder
- D. Executive Team
Answer: A
Explanation:
Astakeholderis any person, group, or entity that has an interest in or is affected by an organization's actions, decisions, or performance. Stakeholders can be internal or external and have direct or indirect involvement based on their relationship with the organization.
Key Characteristics of Stakeholders:
* Self-Legitimizing:
* Stakeholders gain legitimacy by being impacted by or having an interest in the organization's operations.
* For example, employees are directly affected by organizational decisions, while customers and regulators have indirect impacts.
* Broad Categories:
* Internal stakeholders: Employees, management, shareholders.
* External stakeholders: Customers, suppliers, regulators, communities.
* Interest in Impact:
* Stakeholders are concerned with how the organization's actions affect them, such as financial performance for shareholders, product quality for customers, or ethical compliance for regulators.
Why Option B is Correct:
The description aligns precisely with astakeholder, who has a vested interest in the organization due to actual or perceived impacts.
Why the Other Options Are Incorrect:
* A. Shareholder: A shareholder owns equity in the company and is a subset of stakeholders. Not all stakeholders are shareholders.
* C. Executive Team: This refers to organizational leadership and is not synonymous with the broader definition of stakeholders.
* D. Customer: Customers are one type of stakeholder, but not all stakeholders are customers.
References and Resources:
* ISO 26000:2010- Guidance on Social Responsibility and stakeholder identification.
* COSO ERM Framework- Discusses stakeholder relationships in enterprise risk management.
* OECD Principles of Corporate Governance- Highlights the role of stakeholders ingovernance and accountability.
NEW QUESTION # 203
How does the IACM address unfavorable events related to obstacles?
- A. By implementing a flat organizational structure
- B. By decreasing the ultimate likelihood and impact of harm
- C. By focusing on opportunities
- D. By conducting regular employee satisfaction surveys
Answer: B
NEW QUESTION # 204
What should be done with information and findings obtained from all pathways in the context of inquiry?
- A. Discarding information that is not directly related to compliance
- B. Analysis of information and findings to identify, prioritize, and route findings to management and stakeholders
- C. Sharing all findings with external stakeholders and the public
- D. Focusing solely on findings related to unfavorable events
Answer: B
NEW QUESTION # 205
What are some examples of technology factors that may influence an organization's external context?
- A. How the organization uses financial forecasting, budgeting, and cost control
- B. How the organization uses technology for employee recruitment, onboarding processes, and performance appraisals
- C. Market segmentation, pricing strategies, and promotional activities
- D. Research and Design activity, innovations in materials, mechanical efficiency, and the rate of technological change
Answer: D
Explanation:
Technology factors in an organization's external context include technological developments and innovations outside the organization that affect its competitive environment.
Examples of Technology Factors:
Research and Design Activity: Innovations in materials and engineering that impact product development.
Rate of Technological Change: Rapid advancements that require businesses to adapt to remain competitive.
Relation to External Context:
These factors originate outside the organization and influence strategic decision-making and innovation adoption.
Why Other Options Are Incorrect:
A: Market segmentation and pricing are marketing-related factors.
C and D: These describe internal applications of technology, not external influences.
Reference:
PESTEL Analysis: Includes technology as a critical external factor.
ISO 31000: Considers external technological developments in risk evaluations.
NEW QUESTION # 206
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