Which system integrates finance, HR, and inventory management into a single platform?

D. Enterprise Resource Planning (ERP)

What is the goal of monitoring in internal control systems?

B. To ensure the system operates effectively and address deficiencies

What is a critical role of information systems in cybersecurity?

C. Implementing firewalls and access controls

What is the purpose of information processing controls?

B. To ensure data accuracy, completeness, and confidentiality

What is the primary purpose of risk measurement?

B. To assess and quantify risk for informed decision-making

What does stress testing involve?

B. Subjecting a system to extreme market conditions

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Risk Measurement Kahooot

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Questions 10

Answers

1
Which system integrates finance, HR, and inventory management into a single platform?
D. Enterprise Resource Planning (ERP)
A. Transaction Processing System (TPS)
C. Executive Information System (EIS)
B. Decision Support System (DSS)
2
Which monitoring activity uses automated tools for real-time alerts?
B. Management reviews
A. Internal auditsB. Management reviews
D. Self-assessment
C. Continuous monitoring
3
Which method estimates the maximum potential loss within a given time period and confidence level?
A. Scenario analysis
D. Stress testing
C. Value at Risk
B. Sensitivity analysis
4
Which of the following is an example of a physical control?
B. Financial audits
C. Employee training
D. Security cameras
A. Data encryption
5
What is the goal of monitoring in internal control systems?
D. To reduce the number of audits
A. To replace all control activities
C. To outsource risk management
B. To ensure the system operates effectively and address deficiencies
6
Which control activity separates duties to reduce fraud risk?
A. Authorization and approval
B. Segregation of duties
C. Physical controls
D. Performance reviews
7
What is a critical role of information systems in cybersecurity?
B. Eliminating all manual processes
C. Implementing firewalls and access controls
A. Reducing the need for employee training
D. Decreasing data storage costs
8
What is the purpose of information processing controls?
C. To reduce the number of audits
A. To replace all manual processes
B. To ensure data accuracy, completeness, and confidentiality
D. To monitor employee attendance
9
What is the primary purpose of risk measurement?
B. To assess and quantify risk for informed decision-making
D. To avoid regulatory compliance
C. To delegate risk management to external parties
A. To eliminate all risks in an organization
10
What does stress testing involve?
D. Eliminating all high-risk investments
B. Subjecting a system to extreme market conditions
A. Analyzing historical data trends
C. Calculating average returns

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