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Free CRC — Certificate in Risk & Compliance Exam Questions and Answers
Last updated: March 30, 2025
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CRC — Certificate in Risk & Compliance
#Question
What is the significance of using data analytics in compliance?
A.
It has no significant use
B.
It complicates compliance management
C.
It helps identify trends and risks
D.
It increases costs
Correct Answer:
C
Data analytics helps organizations identify trends and risks in compliance, enabling better decision-making and proactive responses.
#Question
What measures can organizations take against retaliation toward whistleblowers?
A.
Ignore concerns
B.
Promote secrecy
C.
Establish strong repercussions
D.
Create a supportive environment
Correct Answer:
D
Creating a supportive environment for whistleblowers helps prevent retaliation and encourages reporting concerns.
#Question
What is the potential advantage of aligning compliance with business strategy?
A.
It can create synergies and enhance performance
B.
It increases costs
C.
It complicates planning
D.
It distracts from the main objectives
Correct Answer:
A
Aligning compliance with business strategy can create synergies, enhancing overall performance while ensuring adherence to regulations.
#Question
What can organizations do to ensure their compliance strategy is agile?
A.
Regularly review and adapt strategies
B.
Ignore changing regulations
C.
Limit technology adoption
D.
Focus solely on existing policies
Correct Answer:
A
Regularly reviewing and adapting compliance strategies ensures organizations remain agile in responding to changing regulatory landscapes.
#Question
Why is it important for organizations to have a clear firewall policy?
A.
It protects sensitive information
B.
It limits collaboration
C.
It is unnecessary
D.
It creates confusion
Correct Answer:
A
A clear firewall policy protects sensitive information from unauthorized access and is crucial for data security compliance.
#Question
How can a company's culture impact its compliance efforts?
A.
A positive culture enhances compliance
B.
It complicates training
C.
It restricts growth and innovation
D.
It has no impact
Correct Answer:
A
A positive organizational culture enhances compliance efforts by fostering an environment of ethical behavior and accountability.
#Question
What is the role of internal controls in compliance?
A.
They are rarely used
B.
They reduce accountability
C.
They complicate compliance processes
D.
They prevent dishonest behavior
Correct Answer:
D
Internal controls are essential for preventing dishonest behavior and ensuring adherence to compliance policies.
CRC — Certificate in Risk & Compliance
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