Free OCEG GRCP Exam Dumps Questions & Answers

What is the role of the mission statement in guiding decision-making and priority-setting within an organization?

• A.It serves as a clear and consistent statement of the organization's overall purpose and direction, guiding decision-making and priority-setting
• B.It defines the roles and responsibilities of each department
• C.It describes the organization's product development plans that must be considered when making decisions and setting priorities
• D.It outlines the organization's budget and financial goals which must be considered in every type of decision

What is the difference between an organization that is being "Good" and being a "Principled Performer"?

• A.A "Principled Performer" is an organization that donates a significant portion of its profits to charity.
• B.An organization must measure up to the Principled Performance definition to be a "Principled Performer," regardless of whether its objectives are subjectively perceived or preferred as "Good" or
  "Bad."
• C.A "Principled Performer" always pursues objectives that are considered "Good" by society.
• D.There is no difference: "Good" and a "Principled Performer" are synonymous.

What type of events should be discovered through inquiry?

• A.Only events that exemplify or contradict organizational values
• B.Both favorable and unfavorable events
• C.Only events related to compliance violations
• D.Only events that are reported by external stakeholders

What is the term used to describe an event that may have a negative effect on objectives?

• A.Hazard
• B.Challenge
• C.Risk
• D.Obstacle (Threat)

What is the term used to describe a measure that estimates the consequence of an event?

• A.Cause
• B.Impact
• C.Likelihood
• D.Consequence