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Risk Management Quiz Flashcards | StudBud

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Risk Management Quiz

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Questions 5

Answers

1
What are the 4 steps in risk management?
Risk identification, risk assessment, risk treatment, risk avoidance
Risk avoidance, risk transfer, risk acceptance, risk financing
Risk identification, risk analysis, risk evaluation, risk treatment
Risk assessment, risk response, risk mitigation, risk transfer
2
Which type of risk is related to cybersecurity and protection of sensitive data?
Information Security Risk
All of the above
Reputational Risk
Financial RIsk
3
Jim is considering conducting the identification process without speaking to any of the stakeholders. What could happen?
The security budget is not calculated appropriately.
None of the above
Risk control measures are not properly applied.
Potential risks could be overlooked
4
Which of the following statements does not apply to ISO 31000?
None of the above
It is the first standard issued by ISO for risk management
It can be used by any organization regardless of size, activity or sector
It can be used for certification purposes
5
What does ISO stands for?
International Organization for Standardization
International Service Organization
International Security Organization
International Science Organization