Free OCEG GRCP Exam Questions

Question 1

What is the significance of a vision statement in inspiring and motivating employees, stakeholders, and customers?

A : It specifies the organization's views on ethical issues facing it.

B : It describes what the organization aspires to be and why it matters, serving as a guidepost for long-term strategic planning and inspiring and motivating employees, stakeholders, and customers.

C : It details the organization's sales targets and revenue projections to motivate employees to work hard and meet those goals.

D : It outlines the organization's succession planning and leadership development.

Answer: B

Question 2

What is the duality of compliance, and how does it relate to risk?

A : The duality of compliance refers to the distinction between domestic and international regulations that an organization must follow.

B : The duality of compliance refers to the trade-off between investing in compliance measures and allocating resources to other business areas.

C : The duality of compliance involves addressing both compliance with obligations and compliancerelated risks. Compliance involves meeting mandatory and voluntary obligations, while compliancerelated risks involve addressing the risk of negative outcomes associated with non-compliance.

D : The duality of compliance refers to the balance between financial gains and ethical considerations in business decisions.

Answer: C

Question 3

Which Critical Discipline of the Protector Skillset includes skills to address obligations and shape an ethical culture?

A : Compliance & Ethics

B : Security & Continuity

C : Governance & Oversight

D : Audit & Assurance

Answer: A

Question 4

What is the role of the mission statement in guiding decision-making and priority-setting within an organization?

A : It outlines the organization’s budget and financial goals which must be considered in every type of decision

B : It describes the organization’s product development plans that must be considered when making decisions and setting priorities

C : It serves as a clear and consistent statement of the organization’s overall purpose and direction, guiding decision-making and priority-setting

D : It defines the roles and responsibilities of each department

Answer: C

Question 5

What is the duality of compliance, and how does it relate to risk?

A : The duality of compliance refers to the distinction between domestic and international regulations that an organization must follow.

B : The duality of compliance refers to the trade-off between investing in compliance measures and allocating resources to other business areas.

C : The duality of compliance involves addressing both compliance with obligations and compliancerelated risks. Compliance involves meeting mandatory and voluntary obligations, while compliancerelated risks involve addressing the risk of negative outcomes associated with non-compliance.

D : The duality of compliance refers to the balance between financial gains and ethical considerations in business decisions.

Answer: C