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OCEG GRCP Exam Syllabus Topics:
Topic
Details
Topic 1
Topic 2
Topic 3
Topic 4
Topic 5
OCEG GRC Professional Certification Exam Sample Questions (Q43-Q48):
NEW QUESTION # 43
What does it mean for an organization's GRC practices to be at Level 3 in the Maturity Model?
Answer: A
NEW QUESTION # 44
What are the four aspects of Total Performance that should be considered in monitoring activities?
Answer: C
NEW QUESTION # 45
Which "most important stakeholder" judges whether an organization is producing, protecting, or destroying value?
Answer: B
Explanation:
Customers are often considered the "most important stakeholder" because they ultimately determine the value created by an organization through their purchasing decisions and feedback.
Role of Customers in Value Assessment:
If customers perceive the organization's offerings as valuable, they provide revenue and support.
Negative perceptions can lead to reputational harm and loss of market share.
Why Customers are Key:
Organizations exist to fulfill customer needs, and customer satisfaction directly influences business success.
Why Other Options Are Incorrect:
B: Risk managers oversee risk, not value perception.
C: The board provides governance but does not directly judge value creation from an external perspective.
D: The ethics department ensures ethical practices but does not directly determine customer-perceived value.
Reference:
OCEG GRC Capability Model: Highlights customers as central to value creation.
Customer-Centric Business Models: Emphasize the importance of aligning operations with customer needs.
NEW QUESTION # 46
What are leading indicators and lagging indicators?
Answer: C
Explanation:
Leading indicatorsandlagging indicatorsare performance measurement tools used to assessorganizational progress and outcomes.
* Leading Indicators:
* Provide information aboutfuture events or conditions.
* Help predict trends and allow proactive adjustments.
* Example: Employee training completion rates predicting future performance improvements.
* Lagging Indicators:
* Reflectpast events or conditions.
* Measure results and outcomes after processes are completed.
* Example: Customer satisfaction scores based on previous interactions.
* Why Other Options Are Incorrect:
* A: Not related to leadership input or exit interviews.
* B: Leading and lagging indicators can encompass both financial and non-financial metrics.
* C: Both types of indicators may include quantitative and qualitative measures.
References:
* Balanced Scorecard Framework: Highlights the use of leading and lagging indicators in performance measurement.
* OCEG GRC Capability Model: Discusses indicators for tracking progress.
NEW QUESTION # 47
How are Key Performance Indicators (KPIs), Key Risk Indicators (KRIs), and Key Compliance Indicators (KCIs) used?
Answer: A
NEW QUESTION # 48
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