what is the primary objective of a GRC framework a maximizing profits B ensuring Regulatory Compliance C minimizing risks D enhancing customer satisfaction answer C minimizing risks which of the following is not typically considered a component of GC a governance B risk management C customer relationship management D compliance answer C customer relationship man agement what does the C stand for in GRC a collaboration B compliance C control D coordination answer B compliance which of the following is an example of an external risk to an organization a employee turnover B product defects C economic downturn D software glitches answer C economic downturn which regulatory framework primarily governs data protection and privacy in the European Union a gdpr b hyper CSX D CCPA answer a gdpr what is the purpose of a risk appetite statement a to outline the organization's tolerance for risk B to set Financial targets C to establish marketing strategies D to Define employee benefits answer a to outline the organization's tolerance for risk what is a key responsibility of a chief risk officer cro a a managing marketing campaigns B implementing cyber security measures C overseeing risk management processes D conducting Financial audits answer C overseeing risk management processes which of the following is not typically included in a compliance program a risk assessment B policy development c training and education D product development answer D product development what is the purpose of a control self assessment CSA a to evaluate employee performance B to assess compliance with regulations C to identify and mitigate risks D to develop marketing strategies answer C to identify and mitigate risks which of the following is an example of a strategic risk a workplace accidents B competitive pressure C data breaches D Equipment malfunction answer B competitive pressure what is the main goal of conducting a business impact analysis Bia a assessing employee satisfaction B evaluating financial performance C identifying critical business functions D monitoring market trends answer C identifying critical business functions which of the following is an example of a preventive control a security cameras B incident response plan C business continuity Plan D employee training answer a security cameras what does the acronym esoc stand for a securi oversight and exchange B sban Oxley act C standards for operational excellence d security operations extreme answer B sban oxlea act what is the purpose of a risk register a to track employee attendance B to document identified risk C to manage customer complaints D to conduct Financial audits answer B to document identified risks which of the following is not typically a role of an internal auditor a evaluating Financial controls B assessing compliance with regulations C developing marketing campaigns D investigating fraud allegations answer C developing marketing campaigns thank you for watching cybert trainer like And subscribe