Free GRCP Questions for OCEG GRCP Exam

Question #1

What is the purpose of conducting after-action reviews?

A. To establish a tiered approach for responding to unfavorable events

B. To provide timely incentives to employees for favorable conduct

C. To uncover root causes of favorable and unfavorable events and improve proactive, detective, and responsive actions and controls

D. To determine if, when, how, and what to disclose regarding unfavorable events

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Correct Answer: C Vote an answer

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Question #2

Why is it important to avoid "perverse incentives" in an incentive program?

A. They decrease employee satisfaction

B. They violate anti-harassment laws

C. They are not tax-deductible

D. They encourage adverse conduct

Discussion 0

Correct Answer: D Vote an answer

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Question #3

(Why is it important to quickly respond to favorable conduct by personnel?)

A. To associate rewards with favorable conduct and compound or accelerate benefits

B. To preserve records and other evidence for investigation

C. To escalate incidents for investigation and identify them as in-house or external

D. To ensure protection of anonymity and non-retaliation for reporters

Discussion 0

Correct Answer: A Vote an answer

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Question #4

What is the term used to describe a cause that has the potential to result in harm?

A. Opportunity

B. Prospect

C. Hazard

D. Obstacle

Discussion 0

Correct Answer: C Vote an answer

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Question #5

In the LEARN component, what is the difference between external context and internal context?

A. External context includes the organization's risk management policies, while internal context includes its compliance procedures

B. External context represents the operating environment, while internal context represents capabilities and resources

C. External context encompasses the organization's mission and vision, while internal context encompasses its values and culture

D. External context refers to the organization's financial performance, while internal context refers to its governance structure

Discussion 0

Correct Answer: B Vote an answer

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Question #6

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

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.

Discussion 0

Correct Answer: B Vote an answer

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Question #7

How do the four dimensions of Total Performance contribute to a comprehensive assessment of an organization's GRC capability?

A. By ensuring compliance with legal and regulatory requirements across the organization as a whole and by department

B. By evaluating the performance of departments and individual employees in the context of GRC needs in their roles

C. By determining the budget allocation for GRC programs and where resources should be applied

D. By providing a holistic view of an organization's GRC capability, evaluating its soundness, cost- effectiveness, agility and ability to withstand disruptions

Discussion 0

Correct Answer: D Vote an answer

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Question #8

How can "assurance competence" contribute to the level of assurance provided?

A. It is only relevant for external audits and does not apply to internal assurance activities and level of assurance

B. It is solely based on the assurance provider's credentials and ensures the highest level of assurance

C. A greater degree of it allows the assurance provider to use sophisticated, professional, and structured techniques to evaluate the subject matter, resulting in a higher level of assurance

D. It is determined by the number of years the assurance provider has been in the industry and ensures high levels of assurance

Discussion 0

Correct Answer: C Vote an answer

Question #9

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 ensure that all stakeholders receive equal consideration.

C. To prevent stakeholders from forming alliances against the organization.

D. To address the requests, wants, or expectations of stakeholders and inform the mission, vision, and objectives of the organization.

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Correct Answer: D Vote an answer

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Question #10

Which trait of the Protector Mindset involves bringing stability against volatile, uncertain, complex, and ambiguous realities?

A. Stable

B. Dynamic

C. Accountable

D. Versatile

Discussion 0

Correct Answer: A Vote an answer

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