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8004 Exam Dumps : PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Questions and Answers

Question 1

With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must

Options:

A.

use their best judgment

B.

abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies

C.

comply with the higher standard under all circumstances

D.

refer the matter to their supervisor

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Question 2

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

Options:

A.

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

B.

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

C.

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

D.

Review 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

Question 3

As a PRMIA member, you have certain responsibilities. Among these are the requirement(s) to:

Options:

A.

Vote in Board elections

B.

Attend at least one PRMIA chapter meeting per year

C.

Adhere to the PRMIA Standards of Best Practice, Conduct and Ethics

D.

All of the above