PRMIA Case Studies; Standards: Governance, Best Practices and Ethics Exam

Certification Provider: PRMIA

Exam Name: Case Studies; Standards: Governance, Best Practices and Ethics

Number of questions in our database: 110

Exam Version: Nov. 22, 2023

Exam Official Topics:

Topic 1: Single Topic

Free PRMIA Case Studies; Standards: Governance, Best Practices and Ethics Exam Actual Questions

The questions for Case Studies; Standards: Governance, Best Practices and Ethics were last updated On Nov. 22, 2023

Question #1

The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:

AAll PRMIA Fellow Members

BThe Regional Directors

CThe Blue Ribbon Advisory Panel

DA two-thirds affirmative vote of all members

Reveal Solution

Correct Answer: B

Question #2

Which of the following should NOT be part of the Risk Management Infrastructure?

ADefine the organization's definition of risk management as articulated by the Board in clear and uncertain terms

BInclude financial risk management, compliance and external reporting and, to the extent that resources allow, should exclude legal or accounting

CBe independently staffed and report to an employee who is on the Executive Committee (Operating Committee) but who is NOT a business unit leader

DReview continually the application of the Principles of Good Governance to the Risk Management Infrastructure, financial accounting and reporting infrastructure and the organization as a whole

Reveal Solution

Correct Answer: D

Question #3

PRMIA is incorporated as:

AA for-profit corporation

BA non-profit corporation

CA charitable trust

DA non profit corporation with for profit subsidiaries

Reveal Solution

Correct Answer: B

Question #4

The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:

AAll PRMIA Fellow Members

BThe Regional Directors

CThe Blue Ribbon Advisory Panel

DA two-thirds affirmative vote of all members

Reveal Solution

Correct Answer: B

Question #5

Which of the following should NOT be part of the Risk Management Infrastructure?

ADefine the organization's definition of risk management as articulated by the Board in clear and uncertain terms

BInclude financial risk management, compliance and external reporting and, to the extent that resources allow, should exclude legal or accounting

CBe independently staffed and report to an employee who is on the Executive Committee (Operating Committee) but who is NOT a business unit leader

DReview continually the application of the Principles of Good Governance to the Risk Management Infrastructure, financial accounting and reporting infrastructure and the organization as a whole

Reveal Solution

Correct Answer: D

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