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OCEG GRCP Exam Syllabus Topics:
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OCEG GRC Professional Certification Exam Sample Questions (Q151-Q156):
NEW QUESTION # 151
What is the term used to describe a cause that has the potential to eventually result in benefit?
- A. Target outcome
- B. Prospect
- C. Objective
- D. Venture
Answer: B
NEW QUESTION # 152
What type of policy provides instructions on what actions should be avoided by the organization?
- A. Prescriptive Policy
- B. Reactive Policy
- C. Procedural Policy
- D. Proscriptive Policy
Answer: D
NEW QUESTION # 153
What is a key difference between objectives that "Change the Organization" and those that "Run the Organization"?
- A. Objectives that "Change the Organization" are established by the board of directors, while objectives that "Run the Organization" are established by the management team
- B. Objectives that "Change the Organization" focus on change management, employee training and development, while objectives that "Run the Organization" focus on customer satisfaction and sales growth
- C. Objectives that "Change the Organization" are related to the organization's financial performance, while objectives that "Run the Organization" are related to the organization's legal compliance
- D. Objectives that "Change the Organization" inspire progress and produce new value, while objectives that "Run the Organization" allow the organization to maintain what it has achieved, preserve existing value, and notice when value erodes or atrophies
Answer: D
NEW QUESTION # 154
What is the difference between a mission and a vision?
- A. The mission is a short-term financial goal, while the vision is a long-term non-financial goal.
- B. The mission is determined by external stakeholders, while the vision is determined by internal stakeholders.
- C. The mission states the organization's purpose and direction, while the vision is an aspirational objective that states what the organization aspires to be.
- D. The mission is what a for-profit organization should have, while the vision is for non-profit organizations.
Answer: C
Explanation:
Themissionandvisionof an organization serve distinct but complementary purposes:
* Mission:
* Defines the organization'spurpose, direction, and core values.
* Answers: "Why do we exist?"
* Example: "To provide sustainable energy solutions to underserved markets."
* Vision:
* Represents an aspirationalfuture statethe organization strives to achieve.
* Answers: "What do we aspire to become?"
* Example: "To be the world's leading renewable energy provider."
* Why Other Options Are Incorrect:
* B: Both mission and vision involve internal input and stakeholder considerations.
* C: Mission and vision are broader than financial goals.
* D: Both mission and vision are relevant for all types of organizations.
References:
* Corporate Strategy Frameworks: Emphasize clear articulation of mission and vision for strategic alignment.
* Balanced Scorecard Methodology: Discusses mission and vision as integral to strategic planning.
NEW QUESTION # 155
What practices are involved in analyzing and understanding an organization's ethical culture?
- A. Developing a strategic plan to achieve the organization's long-term goals for improving ethical culture
- B. Analyzing the climate and mindsets about how the workforce generally demonstrates integrity
- C. Implementing a performance appraisal system to evaluate employee performance
- D. Conducting a survey of employees every few years on their views about the organization's commitment to ethical conduct
Answer: B
NEW QUESTION # 156
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