Test Online GRCP Dumps Questions to Be Certified

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June 14, 2025

To help prepare for the GRCP exam, you may want to consider using GRCP exam dumps questions. These questions are designed to test your knowledge and understanding of the topics covered on the exam. The more you practice answering GRCP dumps questions, the more comfortable you will become with the exam format and the types of questions you can expect to see. GRCP dumps can help reduce anxiety on exam day and improve your chances of success. Go and test free GRCP exam dumps questions here.

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1. What are some examples of non-economic incentives that can be used to encourage favorable

conduct?

Appreciation, status, professional development

Stock options, salary increases, bonuses, and profit-sharing

Gift baskets, extra vacation time, and employee competitions

Health insurance, retirement plans, paid time off, and sick leave

2. What does "Effectiveness" refer to when assessing Total Performance in the GRC Capability Model?

The ability of a program to ensure compliance with laws and regulations and avoid issues or incidents of noncompliance

The speed at which a program is implemented and executed with a good design that can be implemented in every department

The soundness and logical design of a program, its alignment with best practices, coverage of topical areas, and impact on intended business objectives

The cost savings achieved by implementing a GRC program

3. What type of policy provides instructions on what actions should be avoided by the organization?

Prescriptive Policy

Procedural Policy

Proscriptive Policy

Reactive Policy

4. How is the level of assurance determined in relation to objectivity and competence?

The level of assurance is based on the financial performance of the organization being evaluated.

The level of assurance is a function of the assurance objectivity and assurance competence of the assurance provider.

The level of assurance is determined by the number of years of experience of the assurance provider.

The level of assurance is established by the governing authority based on regulatory requirements.

5. What is compliance, and how is it measured in an organization?

Compliance is a measure of the degree to which obligations are proven to be addressed, and it is measured by assessing requirements, actions & controls to address requirements, and evidence of effectiveness.

Compliance is the ability to avoid legal disputes, and it is measured by the number of lawsuits and enforcement actions filed against the organization.

Compliance is the financial success of the organization, and it is measured by revenue and profit margins.

Compliance is the level of stakeholder satisfaction measured through stakeholder surveys and feedback.

6. What is the importance of linking (or laddering) objectives with superior-level objectives?

Linking with superior-level objectives is important for ensuring that employees receive appropriate compensation and benefits based on meeting objectives

Linking with superior-level objectives is essential to ensure organizational alignment and to ensure that subordinate units contribute to the most important objectives and priorities of the organization

Linking with superior-level objectives is essential to ensure that the same exact objectives are used by all levels and units in their day-to-day jobs

Linking with superior-level objectives is necessary to reduce the number of objectives and simplify the organization’s structure

7. What is the objective of improving actions and controls to address root causes and weaknesses associated with unfavorable events?

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

To provide incentives to employees for favorable conduct.

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

To ensure that future events of similar nature are less likely to occur and are less harmful.

8. Why is it important to establish decision-making criteria in the alignment process?

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

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

To comply with industry regulations and standards

To evaluate the performance of individual employees and teams

9. What is the difference between "inherent effect" and "residual effect" of uncertainty?

Inherent effect is the effect of uncertainty in the presence of risk, while residual effect is the effect of uncertainty in the presence of reward

Inherent effect is the effect of uncertainty in the absence of actions and controls, while residual effect is the effect of uncertainty in the presence of actions and controls

Inherent effect is the effect of uncertainty in the absence of risk, while residual effect is the effect of uncertainty in the absence of reward

Inherent effect is the effect of uncertainty in the presence of actions and controls, while residual effect is the effect of uncertainty in the absence of actions and controls

10. Which category of actions and controls in the IACM includes human factors such as structure, accountability, education, and enablement?

Technology

Policy

Information

People

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11. What is the difference between a mission and a vision?

The mission states the organization’s purpose and direction, while the vision is an aspirational objective that states what the organization aspires to be.

The mission is determined by external stakeholders, while the vision is determined by internal stakeholders.

The mission is a short-term financial goal, while the vision is a long-term non-financial goal.

The mission is what a for-profit organization should have, while the vision is for non-profit organizations.

12. What are some examples of technology factors that may influence an organization's external context?

Market segmentation, pricing strategies, and promotional activities

Research and Design activity, innovations in materials, mechanical efficiency, and the rate of technological change

How the organization uses technology for employee recruitment, onboarding processes, and performance appraisals

How the organization uses financial forecasting, budgeting, and cost control

13. What are some examples of economic factors that may influence an organization's external context?

Growth, exchange, inflation, and interest rates

Profitability of each line of business

Supply chain management, inventory control, and distribution logistics

Employee retention, job satisfaction, and career development

14. Which of the following is most often responsible for balancing the competing needs of stakeholders and guiding, constraining, and conscribing the organization to achieve objectives reliably, address uncertainty, and act with integrity to meet these needs?

A risk manager

A general counsel

A compliance unit

A governing board

15. In the context of GRC, which is the best description of the role of assurance in an organization?

Allocating financial resources and evaluating their use to manage the organization’s budget better.

Providing the governing body with opinions on how well its objectives are being met based on expertise and experience.

Designing and monitoring the organization’s information technology systems to be accurate and reliable so management can be assured of meeting established objectives.

Objectively and competently evaluating subject matter to provide justified conclusions and confidence.

16. What is the role of indicators in measuring progress toward objectives?

Indicators are used to determine if the objectives must be changed in response to changes in the external or internal context.

Indicators measure quantitative or qualitative progress toward an objective.

Indicators are used to evaluate the appropriateness of the organization’s selection of objectives.

Indicators are used to calculate the return on investment for various projects and initiatives.

17. In the context of GRC, what is the importance of aligning objectives throughout the organization?

It ensures that superior-level objectives cascade to subordinate units and that subordinate units contribute to the most important objectives and priorities of the organization.

It enables the governing authority to only focus on the highest-level objectives that are tied to financial outcomes.

It frees the organization to focus solely on short-term financial performance.

It eliminates the need for excessive communication and collaboration between different departments within the organization.

18. What type of incentives include appreciation, status, and professional development?

Economic Incentives

Contractual Incentives

Personal Incentives

Non-Economic Incentives

19. What are norms?

Norms are customs, rules, or expectations that a group socially reinforces.

Norms are the typical ways that the business operates.

Norms are the regular employees of an organization as opposed to contractors brought in for unusual (not normal) projects.

Norms are the normal or typical financial targets set by the organization.

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

Risk

Hazard

Obstacle (Threat)

Challenge

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21. What is the primary purpose of interacting with stakeholders in an organization?

To understand expectations, requirements, and perspectives that impact the organization

To gather feedback for marketing campaigns

To negotiate contracts and agreements with stakeholders

To ensure stakeholders invest in the organization

22. Why is it important for an organization to sense and analyze changes in context within the LEARN component?

To evaluate the effectiveness of the organization’s risk management framework

To comply with legal and regulatory requirements related to governance and risk management

To ensure that the organization’s financial statements are accurate and up to date

To determine necessary changes to the organization and to understand which changes are significant and which are distractions

23. What is a potential limitation of using qualitative analysis techniques in the context of risk, reward, and compliance?

Qualitative analysis techniques always lead to incorrect conclusions about risk, reward, and compliance.

Qualitative analysis techniques are not applicable to the analysis of risk and reward.

Qualitative analysis techniques rely on descriptive data and subjective judgments, which may result in less precise estimations compared to quantitative analysis.

Qualitative analysis techniques are only useful for analyzing compliance-related risks.

24. What is the process of validating direction within an organization?

Conducting a SWOT analysis to identify the organization’s strengths, weaknesses, opportunities, and threats.

Communicating, negotiating, and finalizing direction with other organizational levels/units.

Conducting a comprehensive audit of the organization’s financial records to ensure they are showing movement in the right direction.

Implementing a performance management system to evaluate employee performance and alignment to established direction.

25. In the context of the Maturity Model, what characterizes practices at Level I?

Practices are improvised, ad hoc, and often chaotic.

Practices are formally documented and consistently managed.

Practices are measured and managed with data-driven evidence.

Practices are consistently improved over time.

26. What factors should be considered when selecting the appropriate sender of a message?

The sender’s fluency in the language of the needed communication, cultural background, and comfort in communicating with the target audience.

The sender’s preference for formal or informal communication and their ability to respond appropriately to feedback.

The purpose of communication, desired results, reputation with audience members, and shared culture and background with the audience.

The sender’s job title, office location, years of experience, and favorite communication channel.

27. What is the relationship between the internal context and the culture of an organization within the LEARN component?

The internal context and culture determine the organization's financial performance.

The internal context and culture describe the capabilities and resources used to meet stakeholder needs.

The internal context and culture define the organization's risk appetite and tolerance levels.

The internal context and culture outline the organization's compliance requirements.

28. Which category of actions & controls in the IACM includes formal statements and rules about organizational intentions and expectations?

Information

People

Technology

Policy

29. Why is it essential to make the mission, vision, and values explicit within an organization?

It is important for gaining and maintaining buy-in from all stakeholders.

It is necessary to comply with industry regulations and standards.

It is crucial for developing the organization’s training and development programs aligned with the mission, vision, and values.

It helps the workforce understand and make decisions at all levels, preventing the organization from operating on ad hoc beliefs and interests.

30. Which are some considerations to keep in mind when establishing a communication framework?

Reducing the frequency of communication to avoid information overload.

Selecting the appropriate sender, recipient, intention, message, cadence, and channel.

Ensuring external communications are always formal while most internal communication can be more informal.

Using only one communication channel for all types of messages so that sending and receipt can be tracked.

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31. Who are key external stakeholders that may significantly influence an organization?

Distributors, resellers, and franchisees.

Competitors, employees, and board members.

Marketing agencies, legal advisors, and auditors.

Customers, shareholders, creditors and lenders, government, and non-governmental organizations.

32. GRC Professionals, known as "Protectors," work to achieve a specific goal referred to as Principled Performance.

Which of the following best describes Principled Performance®?

To reliably achieve objectives, address uncertainty, and act with integrity C to produce and preserve value simultaneously.

To maximize profits and minimize losses.

To ensure compliance with all legal requirements.

To eliminate all risks and uncertainties.

33. In the context of GRC, which is the best description of the role of governance in an organization?

Developing marketing strategies and driving sales growth to meet objectives established by the governing body

Indirectly guiding, controlling, and evaluating an entity by constraining and conscribing resources

Conducting audits and providing assurance on the effectiveness of controls

Implementing operational processes and overseeing day-to-day activities

34. What are some examples of environmental factors that may influence an organization's external context?

Climate and natural resources

Organizational procurement, vendor selection, and contract negotiation for hazardous waste disposal

Organizational performance metrics, goal setting, and progress tracking regarding climate-related projects

Organizational response to new carbon emission regulations

35. How does the GRC Capability Model define the term "enterprise"?

The enterprise is the most superior unit that encompasses the entirety of the organization.

The enterprise refers to the organization's sales and distribution channels.

The enterprise refers to the organization's information technology infrastructure and systems.

The enterprise refers to a starship that boldly goes where no man has gone before.

36. What are some considerations that should be taken into account when examining an organization’s internal context?

Regulatory compliance, legal disputes, and contractual obligations on a unit-by-unit or division-by-division basis

How any changes to the internal context might affect supplier relationships, distribution channels, and pricing strategies

Mission and vision, values, value propositions and operating models, organizational charts and operating model mapping, key department scope and purpose, and potential perverse incentives

Market share, employee and customer satisfaction, and brand reputation

37. What is the significance of developing relationships with key individuals and champions within stakeholder groups?

To ensure that stakeholders receive special privileges and benefits

To liaison with people and champions who hold actual power and influence in each stakeholder group

To create a network of stakeholders who can promote the organization’s brand

To gather intelligence on the activities and plans of competing organizations who have some of the same stakeholders

38. What is the importance of mapping objectives to one another within an organization?

Mapping objectives not only at the enterprise level but also across all units shows how they impact one another and how resources may be best allocated

Mapping objectives not only at the enterprise level but also across all units is important for determining the compensation and bonuses of employees based on their contributions to achieving objectives

Mapping objectives not only at the enterprise level but also across all units is important for creating a visual representation of the organization’s hierarchy and reporting structure

Mapping objectives not only at the enterprise level but also across all units is important for identifying redundant objectives and eliminating them from the organization’s strategic plan

39. How are Key Performance Indicators (KPIs), Key Risk Indicators (KRIs), and Key Compliance Indicators (KCIs) used?

KPIs help govern, manage, and provide assurance about performance related to an objective; KRIs help govern, manage, and provide assurance about risk related to an objective; KCIs help govern, manage, and provide assurance about compliance related to an objective

KPIs are financial metrics, KRIs are operational metrics, and KCIs are customer-related metrics, all of which are used to determine executive bonuses

KPIs are long-term goals, KRIs are short-term goals, and KCIs are intermediate goals, all of which are used to determine what decision-making criteria is required

KPIs are used to measure the efficiency of business processes; KRIs are used to assess the risk assessment processes; and KCIs are used to evaluate the impact of changes, regulations and other obligations

40. What are beliefs, and how do they influence behavior within an organization?

Beliefs are ideas and assumptions held by individuals or groups, often shaped by experiences and perceptions, that influence behavior by informing the values and principles that guide actions and decisions.

Beliefs are the organization’s commitments to mandatory and voluntary obligations, and they influence behavior by determining the extent to which individuals fulfill obligations and honor promises.

Beliefs are the organization’s understanding of its mission, vision, and values, and they influence behavior by aligning actions with the organization's higher purpose and long-term goals.

Beliefs are the organization’s perceptions of risk and uncertainty, and they influence behavior by guiding actions and controls to address compliance-related risks.

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41. In the context of uncertainty, what is the difference between likelihood and impact?

Likelihood is a measure of the chance of an event occurring, while impact is the location of the event within the organization.

Likelihood is a measure of the chance of an event occurring, while impact is the category or type of risk or reward from the event.

Likelihood is a measure of the chance of an event occurring, while impact measures the economic and non-economic consequences of the event.

Likelihood is the chance of an event occurring after controls are put in place, while impact measures the economic and non-economic consequences of the event.

42. What is the role of an assurance provider in the assurance process?

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

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

They conduct financial audits and issue audit reports.

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

43. Which of the following reflects what the learner will be able to do after a learning activity?

Learning Assessment

Learning Objective

Learning Content

Learning Outcome

44. In the context of assurance activities, what does the term "assurance objectivity" refer to?

To the degree to which an Assurance Provider can adhere to industry standards and best practices in performing audits.

To the degree to which an Assurance Provider can provide accurate and reliable information to stakeholders on which they can form an opinion about the subject matter themselves.

The degree to which an Assurance Provider can be impartial, disinterested, independent, and free to conduct necessary activities to form an opinion about the subject matter.

To the degree to which an Assurance Provider can minimize costs and maximize efficiency in performing audits.

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

It specifies the organization's views on ethical issues facing it.

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.

It details the organization's sales targets and revenue projections to motivate employees to work hard and meet those goals.

It outlines the organization's succession planning and leadership development.

46. In the context of Total Performance, what considerations are made for resilience in the assessment of an education program?

The number of employees who have completed advanced training.

The frequency of updates to the education program's curriculum.

The availability of online and offline training materials.

Contingency plans for system failure, slack in timelines, and availability of backup staff.

47. What is the role of suitable criteria in the assurance process?

These criteria are performance metrics used to assess the efficiency of the organization's operations.

These criteria are standards for the ethical conduct of employees and stakeholders.

These criteria are guidelines for the allocation of resources within the organization.

These criteria are benchmarks used to evaluate subject matter that yield consistent and meaningful results.

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