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Risk Measurement Flashcards | StudBud
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Risk Measurement
Risk Measurement
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Flashcards
10 cards
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Questions
10
Answers
1
Where does "IS" play a critical role?
Finance
Accounting
Cybersecurity
Human Resources
2
What does DSS stand for?
Executive information systems
Decision service system
Unified security platform
Decision support systems
3
What does monitoring means?
Integrate multiple functional areas of an organization such as finance
Record expenses when incurred, accounting for them correctly.
The assessment of an organization's internal control system
Collection of hardware, and software that are used to manage information
4
Control activities can take many forms, including policies and procedures , and balances, and automated controls.
True
False
5
Why do physical controls involve physical measures such as locks, and cameras
To help prevent theft or damage to assets.
Estimates the maximum potential loss that could occur
Specific circumstances, level of complexity of the activity being assessed
Record the trader's expenses and income
6
Is risk management the process of assessing the level of risk associated with a particular activity, or decision?
True
False
7
Which is one of the forms that control activities can take?
Automated controls
Information processing controls
Performance review
Management information systems
8
Is value at risk defined by exchanges that are executed in accordance with general authorizations of the management
True
False
9
Which is of the methods used to measure risk
Information systems (communication)
Scenario analysis
Control activities
Safeguarding assets
10
Are control activities one of the three components of internal control?
False
True
