CPHR Risk Assessment and Management 5

Question 1

An organization's CHRO presents the risk register to the board of directors. The PRIMARY purpose of this activity is to:

Accepted Answer

Enable the board to exercise oversight of material HR risks

Answer

Presenting the risk register to the board enables governance oversight, ensuring that directors can fulfill their fiduciary responsibility to monitor organizational risk.

Question 2

Which federal law creates the MOST significant HR risk related to employee data privacy in the United States?

Accepted Answer

HIPAA (Health Insurance Portability and Accountability Act)

Answer

HIPAA creates significant HR risk because it regulates protected health information (PHI) in employer-sponsored health plans, requiring strict safeguards and limiting how employee health data is used.

Question 3

When applying the hierarchy of controls to workplace hazards, which control type is considered MOST effective?

Accepted Answer

Elimination of the hazard

Answer

Elimination removes the hazard entirely and is ranked highest in the hierarchy of controls because it provides the most complete and reliable protection.

Question 4

A merger integration plan requires combining two workforces with different compensation structures. The GREATEST legal risk HR must assess is:

Accepted Answer

Potential Equal Pay Act violations if similar roles have disparate pay by gender post-integration

Answer

Post-merger compensation integration can create unlawful pay disparities if employees in substantially equal roles are paid differently based on gender, creating Equal Pay Act exposure.

Question 5

A key risk indicator (KRI) for talent retention risk would MOST likely include:

Accepted Answer

Voluntary turnover rate among high-performers in critical roles

Answer

Voluntary turnover among high-performers in critical roles is a direct KRI for talent retention risk because it signals loss of strategic human capital.

(CPHR) Chartered Professional in Human Resources Practice Test

(CPHR) Chartered Professional in Human Resources Practice Test

CPHR Risk Assessment and Management 5