Free Practice Questions for OCEG GRCP Exam

What role do mission, vision, and values play in the ALIGN component?

• They specify the processes as well as the technology and tools used in the alignment process.
• They determine the allocation of financial resources within the organization.
• They outline the legal and regulatory requirements that the organization must satisfy and define how they relate to the business objectives.
• They provide clear direction and decision-making criteria and should be well-defined and consistently communicated throughout the organization.

What is the role of identification criteria?

• Identification criteria are used to determine the order in which units undertake identification activities.
• Identification criteria are used to calculate the total budget for the organization based on priority objectives and the number of related obstacles and obligations.
• Identification criteria are used to focus on priority objectives and results.
• Identification criteria are used to establish the communication channels within the organization regarding opportunities, obstacles, and obligations.

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 positive, favorable effect of uncertainty on objectives?

• Obstacle
• Enhancement
• Profit
• Reward

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

• Risk
• Hazard
• Obstacle (Threat)
• Challenge

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

Culture is difficult or even impossible to "design" because:

• People are not motivated to change.
• It is an emergent property.
• It takes too long.
• There are too many subcultures.

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

• 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."
• A "Principled Performer" always pursues objectives that are considered "Good" by society.
• There is no difference: "Good" and a "Principled Performer" are synonymous.
• A "Principled Performer" is an organization that donates a significant portion of its profits to charity.

What criteria should objectives meet to be considered effective?

• Objectives should be based only on financial metrics for each unit or department
• Objectives should meet the SMART criteria (Specific, Measurable, Achievable, Relevant, Timebound)
• Objectives should only have one timescale, e.g., quarterly, annually, 5 years
• Objectives should be sought by a majority of the stakeholder categories for the organization

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

• Economic Incentives
• Contractual Incentives
• Personal Incentives
• Non-Economic Incentives