GRCP Exam Dumps – Our Features

What is the purpose of implementing policies within an organization?

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

What is the primary goal of defining an education plan?

• To evaluate the current skill level of the workforce.
• To develop a plan that is tailored to the specific needs of each audience.
• To create a helpline for anonymous reporting and asking questions.
• To implement Bloom’s Taxonomy in the education program.

Who has ultimate accountability (plenary accountability) for the governance, management, and assurance of performance, risk, and compliance in the Lines of Accountability Model?

• The Fifth Line, or the Governing Authority (Board).
• The Second Line, or the individuals and teams that establish performance, risk, and compliance
• programs.
• The First Line, or the individuals and teams involved in operational activities.
• The Third Line, or the individuals and teams that provide assurance.

What are some examples of non-economic incentives that can be used to encourage favorableconduct?

• 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

How can organizations recover from negative conduct, events, and conditions, and correct identified weaknesses within their governance, management, and assurance processes?

• Through open and transparent acknowledgment of the identified unfavorable conduct or events and acceptance of responsibility by the CEO.
• Through the application of responsive actions and controls that recover from unfavorable conduct, events, and conditions; correct identified weaknesses; execute necessary discipline; recognize and reinforce favorable conduct; and deter future undesired conduct or conditions.
• Through the use of both technology and physical actions and controls to recover from negative conduct and conditions, correct identified weaknesses, and establish barriers to future misconduct.
• Through focusing on promoting positive behavior and establishing reward systems for employees who identify weaknesses in the systems of control.

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.

What is the term used to describe the outcome or potential outcome of an event?

• Consequence
• Impact
• Condition
• Effect

What is the goal of implementing communication practices in an organization?

• To minimize the number of communication channels used within the organization and increase efficiency
• To ensure that all communication is formal and documented as required by law and regulation
• To eliminate informal communications that may provide incorrect information
• To address opportunities, obstacles, and obligations by interacting with the right audiences at the right time with the right information and intelligence

Which aspect of culture includes workforce satisfaction, loyalty, turnover rates, skill development, and engagement?

• Compliance and ethics culture
• Performance culture
• Workforce culture
• Governance culture

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.