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SHRM-CP Certification Exam Questions 2023 - Part 44
1. What is the value of a risk matrix?
A) It is a historical record of an organizations safety infractions
B) It is used to record new risk exposures when they occur
C) It is a tool used to measure the adequacy of workplace security measures
D) It measures the probability of a safety event and the severity of impact on the organization
2. What is the purpose of a risk scorecard?
A) To make a record of safety incidents and how the happened
B) To identify and track down risk patterns
C) To gather individual assessments of various risk characteristics
D) To develop a history of risk events
3. Which organizational lifecycle phase features efforts to maximize efficiency out of every existing element of the business?
A) Introduction
B) Standardization
C) Decline
D) Maturity
4. This type of healthcare plan limits the ability of employees to see the doctors they choose. There may be a limited number of physicians and specialists for the employee to see, and going outside the plan and seeing another doctor may result in an out-of-pocket expense for the employee.What type of health-care plan is this?
A) Nos of the listed options
B) Preferred provider organization
C) Health Mainteneance Organizations
D) Fee-for-service plan
5. Which law, a landmark piece of U.S. legislation, was the first comprehensive federal law that made it unlawful to discriminate in employment based on race, color, religion, sex, or national origin?
A) Age Discrimination in Employment Act
B) Title Vll of the Civil Rights Act
C) Americans with Disabilities Act
D) Equal Pay Act
A) It is a historical record of an organizations safety infractions
B) It is used to record new risk exposures when they occur
C) It is a tool used to measure the adequacy of workplace security measures
D) It measures the probability of a safety event and the severity of impact on the organization
2. What is the purpose of a risk scorecard?
A) To make a record of safety incidents and how the happened
B) To identify and track down risk patterns
C) To gather individual assessments of various risk characteristics
D) To develop a history of risk events
3. Which organizational lifecycle phase features efforts to maximize efficiency out of every existing element of the business?
A) Introduction
B) Standardization
C) Decline
D) Maturity
4. This type of healthcare plan limits the ability of employees to see the doctors they choose. There may be a limited number of physicians and specialists for the employee to see, and going outside the plan and seeing another doctor may result in an out-of-pocket expense for the employee.What type of health-care plan is this?
A) Nos of the listed options
B) Preferred provider organization
C) Health Mainteneance Organizations
D) Fee-for-service plan
5. Which law, a landmark piece of U.S. legislation, was the first comprehensive federal law that made it unlawful to discriminate in employment based on race, color, religion, sex, or national origin?
A) Age Discrimination in Employment Act
B) Title Vll of the Civil Rights Act
C) Americans with Disabilities Act
D) Equal Pay Act
1. Right Answer: D
Explanation: The risk matrix is a simple grid in which the horizontal axis represents the probability that an event will occur, and the vertical axis reflects the severity of the impact on the organization or function if the event occurs.
2. Right Answer: C
Explanation: The purpose of the risk scorecard is to find individual assessments of various risk characteristics such as frequency of occurrence, degree of impact/loss, and degree of efficacy of current controls.
3. Right Answer: D
Explanation: During the maturity phase, the organization must focus on maximizing the efficiency out of every existing element of the business.
4. Right Answer: C
Explanation: This type of health plan is Health maintenance organizations (HMOs).
5. Right Answer: B
Explanation: Title Vll of the Civil Rights Act, passed in 1964, making it an unlawful employment practice for an employer to refuse to hire or to discharge any individual or otherwise discriminate against any individual concerning all terms of employment because of that individual's race, color, religion, sex, or national origin.
Explanation: The risk matrix is a simple grid in which the horizontal axis represents the probability that an event will occur, and the vertical axis reflects the severity of the impact on the organization or function if the event occurs.
2. Right Answer: C
Explanation: The purpose of the risk scorecard is to find individual assessments of various risk characteristics such as frequency of occurrence, degree of impact/loss, and degree of efficacy of current controls.
3. Right Answer: D
Explanation: During the maturity phase, the organization must focus on maximizing the efficiency out of every existing element of the business.
4. Right Answer: C
Explanation: This type of health plan is Health maintenance organizations (HMOs).
5. Right Answer: B
Explanation: Title Vll of the Civil Rights Act, passed in 1964, making it an unlawful employment practice for an employer to refuse to hire or to discharge any individual or otherwise discriminate against any individual concerning all terms of employment because of that individual's race, color, religion, sex, or national origin.
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