GRCP PRACTICE TEST TRAINING MATERIALS - GRCP TEST PREP - BRAINDUMPSPASS

GRCP Practice Test Training Materials - GRCP Test Prep - BraindumpsPass

GRCP Practice Test Training Materials - GRCP Test Prep - BraindumpsPass

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Tags: GRCP Valid Test Cost, Dumps GRCP Collection, GRCP Download, New Exam GRCP Materials, Training GRCP Kit

The OCEG GRCP is so flexible that you can easily change the timings, types of questions, and topics for each mock exam.OCEG GRCP practice test contains all the important questions that will appear in the actual GRCP Exam. BraindumpsPass offers updates for OCEG GRCP Exam questions up to 365 days after purchase, to match the changes in the latest GRCP exam syllabus.

OCEG GRCP Exam Syllabus Topics:

TopicDetails
Topic 1
  • Align Component: This subsection covers aligning GRC practices with organizational objectives and regulatory requirements. A vital skill evaluated is the ability to integrate GRC processes into business operations effectively.
Topic 2
  • 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.
Topic 3
  • 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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OCEG GRC Professional Certification Exam Sample Questions (Q159-Q164):

NEW QUESTION # 159
What are some examples of economic factors that may influence an organization's external context?

  • A. Supply chain management, inventory control, and distribution logistics
  • B. Employee retention, job satisfaction, and career development
  • C. Profitability of each line of business
  • D. Growth, exchange, inflation, and interest rates

Answer: D

Explanation:
Economic factorsin an organization's external context include macroeconomic conditions and indicators that affect operations, costs, and revenue generation.
* Examples of Economic Factors:
* Growth Rates: Impact market expansion and consumer spending.
* Exchange Rates: Influence international trade and cost structures.
* Inflation: Affects purchasing power and operational costs.
* Interest Rates: Determine borrowing costs and capital investment decisions.
* Relation to External Context:
* These factors exist in the macroeconomic environment and require organizational strategies to manage their impact.
* Why Other Options Are Incorrect:
* B: Profitability is an internal performance metric.
* C: Supply chain and inventory management are operational factors.
* D: Employee retention and career development are internal HR concerns.
References:
* PESTEL Analysis: Includes economic factors as part of the external environment.
* COSO ERM Framework: Discusses economic conditions in the context of external risks.


NEW QUESTION # 160
What type of policy provides instructions on what actions should be avoided by the organization?

  • A. Prescriptive Policy
  • B. Reactive Policy
  • C. Proscriptive Policy
  • D. Procedural Policy

Answer: C

Explanation:
A Proscriptive Policy outlines actions or behaviors that should be avoided to ensure compliance, ethical conduct, and risk mitigation.
Definition of Proscriptive Policies:
Focus on prohibited activities or practices that may harm the organization or breach regulations.
Example: Policies banning insider trading or discriminatory practices.
Purpose:
Protect the organization from legal, reputational, or operational risks by explicitly identifying unacceptable behaviors.
Why Other Options Are Incorrect:
A: Prescriptive policies specify actions that should be taken, not avoided.
B: Procedural policies provide step-by-step instructions for processes, not prohibitions.
D: Reactive policies respond to incidents after they occur, rather than proactively avoiding them.
Reference:
ISO 37301 (Compliance Management Systems): Discusses proscriptive policies in regulatory compliance.
COSO Framework: Highlights the role of policies in mitigating risk.


NEW QUESTION # 161
How does the GRC Capability Model define the term "enterprise"?

  • A. The enterprise refers to the organization's sales and distribution channels.
  • B. The enterprise is the most superior unit that encompasses the entirety of the organization.
  • C. The enterprise refers to a starship that boldly goes where no man has gone before.
  • D. The enterprise refers to the organization's information technology infrastructure and systems.

Answer: B

Explanation:
In the GRC Capability Model, the term "enterprise" refers to the highest-level organizational unit that includes all its divisions, functions, and activities.
Definition:
The enterprise is the broadest scope of the organization, encompassing strategic, operational, and compliance-related efforts.
Significance in GRC:
The enterprise context ensures that governance, risk management, and compliance activities are aligned with the organization's overall objectives and values.
Why Other Options Are Incorrect:
B: Sales and distribution channels are specific operational aspects, not the entire enterprise.
C: IT infrastructure is one part of the organization, not the whole.
D: A humorous reference unrelated to the GRC framework.
Reference:
OCEG GRC Capability Model: Defines "enterprise" as the comprehensive organizational context for GRC integration.
COSO ERM Framework: Uses enterprise-level focus to align risk and governance activities.


NEW QUESTION # 162
What is the purpose of implementing policies within an organization?

  • A. To reduce the need for defined procedures and guidelines within the organization.
  • B. To set clear expectations of conduct for key internal stakeholders and the extended enterprise.
  • C. To have individual regulation-specific policies instead of a generic Code of Conduct.
  • D. To meet regulatory requirements and establish compliance.

Answer: B

Explanation:
Policiesserve as essential tools within an organization to set clear expectations for behavior, actions, and decision-making.
* Primary Purpose:
* Establishclear expectations of conductfor employees, contractors, vendors, and other stakeholders.
* Provide guidance on acceptable behavior and operational standards across the organization.
* Significance:
* Policies align stakeholder actions with organizational values and objectives.
* They act as a foundation for procedures, controls, and compliance initiatives.
* Why Other Options Are Incorrect:
* B: While policies support compliance, their scope extends beyond regulatory requirements.
* C: Policies do not eliminate the need for procedures; they complement them.
* D: Generic policies like Codes of Conduct are essential, even with regulation-specific policies.
References:
* ISO 37301 (Compliance Management Systems): Emphasizes policies for setting conduct expectations.
* COSO ERM Framework: Highlights policies as governance tools for consistent behavior.


NEW QUESTION # 163
Why is it important for an organization to balance the needs of diverse stakeholders?

  • A. To address the requests, wants, or expectations of stakeholders and inform the mission, vision, and objectives of the organization.
  • B. To prevent stakeholders from forming alliances against the organization.
  • C. To ensure that all stakeholders receive equal consideration.
  • D. To comply with industry regulations regarding stakeholder management.

Answer: A

Explanation:
Balancing the needs of diverse stakeholders is essential because it allows the organization to address their requests, wants, and expectations, which directly influence its mission, vision, and strategic objectives.
* Stakeholder Influence:
* Stakeholders provide resources, support, and legitimacy to the organization.
* Addressing their needs fosters trust, collaboration, and long-term sustainability.
* Alignment with Strategic Objectives:
* Considering stakeholder perspectives ensures that the organization's mission and vision are relevant and inclusive.
* Why Other Options Are Incorrect:
* A: Preventing alliances against the organization is reactive and not a strategic goal.
* B: Equal consideration may not always be practical; prioritization is key.
* C: Compliance with regulations is important but does not fully address the strategic importance of stakeholder balance.
References:
* ISO 26000 (Social Responsibility): Highlights stakeholder engagement as key to organizational strategy.
* COSO ERM Framework: Emphasizes aligning stakeholder expectations with risk and governance objectives.


NEW QUESTION # 164
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