Question No 1

What does the initialism GRC stand for?

Choose the Choices:

Question No 2

What is the essence or the central meaning of GRC?

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A connected and integrated approach that provides a pathway to Principled Performance by overcoming VUCA and disconnection

A system for monitoring and evaluating the performance of employees and teams

A set of guidelines and regulations for corporate governance and ethical conduct

A framework for managing financial risks and ensuring fiscal responsibility

Question No 3

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

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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.

Question No 4

Which organization and its membership created the concepts of Principled Performance and GRC?

Question No 5

GRC Professionals, known as "Protectors," work to achieve a specific goal referred to as Principled Performance. Which of the following best describes Principled Performance®?

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To reliably achieve objectives, address uncertainty, and act with integrity – to produce and preserve value simultaneously.

To maximize profits and minimize losses.

To ensure compliance with all legal requirements.

To eliminate all risks and uncertainties.

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