GRCP Practice Exam Questions and Answers

A.  

To analyze the climate and mindsets about workforce satisfaction, loyalty, turnover rates, skill development, and engagement

B.  

To determine the organization’s commitment to reducing turnover and supporting employee advancement

C.  

To ensure the organization’s compliance with environmental regulations and sustainability practices that evidence ethical concern

D.  

To evaluate the effectiveness of the organization’s employee training in ethical decision-making

A.  

Allowing unrestricted access to notification and follow-up information by the notifier so that they can see the organization is responding appropriately

B.  

Knowing that any legal or regulatory requirements related to data privacy do not apply to hotline reports

C.  

Ensuring pathways comply with mandatory requirements in the locale where the notification originates and the organization operates

D.  

Knowing that confidentiality and anonymity rights are the same thing

A.  

IAPP (International Association of Privacy Professionals)

B.  

AICPA (American Institute of Certified Public Accountants)

C.  

ISACA (Information Systems Audit and Control Association)

D.  

IFAC (International Federation of Accountants)

E.  

IMA (Institute of Management Accountants)

F.  

SCCE (Society of Corporate Compliance and Ethics)

G.  

ACFE (Association of Certified Fraud Examiners)

A.  

Determining the level of risk-taking that each employee is comfortable with.

B.  

Assessing the organization's ability to attract and retain top talent that is willing to take risks to achieve objectives.

C.  

Evaluating the organization’s risk appetite and tolerance levels for each type of risk.

D.  

Analyzing the climate and mindsets about how the workforce perceives risk, its impact on work, and its integration with decision-making.

A.  

To calculate the return on investment (ROI) of alignment activities

B.  

To ensure that the organization stays on track and achieves its objectives

C.  

To comply with industry regulations and standards

D.  

To evaluate the performance of individual employees and teams

A.  

They conduct activities to evaluate claims and statements about subject matter to enhance confidence.

B.  

They oversee the implementation of the organization's compliance program and policies.

C.  

They conduct financial audits and issue audit reports.

D.  

They develop the organization’s risk management strategy and framework.

A.  

Developing a strategic plan to achieve the organization’s long-term goals for improving ethical culture

B.  

Conducting a survey of employees every few years on their views about the organization’s commitment to ethical conduct

C.  

Implementing a performance appraisal system to evaluate employee performance

D.  

Analyzing the climate and mindsets about how the workforce generally demonstrates integrity

A.  

To establish the organizational hierarchy for decision-making

B.  

To guide, constrain, and conscribe how opportunities, obstacles, and obligations are identified, categorized, and prioritized

C.  

To create a list of potential stakeholders for communication purposes

D.  

To determine the budget allocation for risk management activities

A.  

Fluctuations in the stock market and economic conditions.

B.  

Ordinary seasonal fluctuations in purchases.

C.  

The launch of a new product or service by a competitor.

D.  

Changes in government regulations and industry standards.

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.