AGRC ICCGO Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

One of the most prominent schools that worked on developing governance principles globally is:

ASarbanes-Oxley Act

BCadbury Rules recommendations

CAll of the above

Correct : A

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ASarbanes-Oxley Act

BCadbury Rules recommendations

CAll of the above

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Question 2

Governance helps in managing the company in a way that achieves the maximum benefit for everyone, including:

AIncreasing the rate of employee retention.

BReducing waste, corruption, and conflicts of interest.

CAll of the above.

Correct : B

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AIncreasing the rate of employee retention.

BReducing waste, corruption, and conflicts of interest.

CAll of the above.

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Question 3

The difference between the COSO framework for enterprise risk management and the ISO 31000 international standard for risk management, in terms of the "risk management process" is that:

AThe COSO framework focuses more on setting conceptual frameworks for risk management.

BThe ISO 31000 methodology for risk management is a non-traditional process.

CThe COSO framework focuses heavily on the practical steps of the risk management process.

Correct : A

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AThe COSO framework focuses more on setting conceptual frameworks for risk management.

BThe ISO 31000 methodology for risk management is a non-traditional process.

CThe COSO framework focuses heavily on the practical steps of the risk management process.

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Question 4

The guiding charter for family companies includes:

AEstablishing a balance between the interests of family members and the interests of the company.

BStrengthening the cohesion of family members.

CAll of the above.

Correct : C

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AEstablishing a balance between the interests of family members and the interests of the company.

BStrengthening the cohesion of family members.

CAll of the above.

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Question 5

Among the duties of the board of directors in family companies are:

AEnsuring the efficiency of internal control and risk management.

BMonitoring the performance of the management and ensuring the availability of financial resources.

CAll of the above.

Correct : A

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AEnsuring the efficiency of internal control and risk management.

BMonitoring the performance of the management and ensuring the availability of financial resources.

CAll of the above.

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Master AGRC ICCGO Exam with Reliable Practice Questions

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