Free Access ISACA.CRISC.v2022-08-23.q834 Practice Test (Page 11)

Question 46

Which of the following provides the MOST important information to facilitate a risk response decision?

A.Risk appetite

B.Industry best practices

C.Audit findings

D.Key risk indicators

Question 47

During which of the following processes, probability and impact matrix are prepared?

A.Risk response

B.Monitoring and Control Risk

C.Quantitative risk assessment

D.Qualitative risk assessment

Question 48

To help ensure the success of a major IT project, it is MOST important to:

A.align it with the organization's strategic plan

B.update the risk register on a regular basis

C.obtain the appropriate stakeholders' commitment

D.obtain approval from business process owners

Question 49

Which of the following processes is described in the statement below?
"It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."

A.Risk governance

B.Risk identification

C.Risk response planning

D.Risk communication

E.Explanation:
Risk communication is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions. Risk communication is mostly concerned with the nature of risk or expressing concerns, views, or reactions to risk managers or institutional bodies for risk management. The key plan to consider and communicate risk is to categorize and impose priorities, and acquire suitable measures to reduce risks. It is important throughout any crisis to put across multifaceted information in a simple and clear manner. Risk communication helps in switching or allocating the information concerning risk among the decision-maker and the stakeholders. Risk communication can be explained more clearly with the help of the following definitions: It defines the issue of what a group does, not just what it says. It must take into account the valuable element in user's perceptions of risk. It will be more valuable if it is thought of as conversation, not instruction.
Risk communication is a fundamental and continuing element of the risk analysis exercise, and the involvement of the stakeholder group is from the beginning. It makes the stakeholders conscious of the process at each phase of the risk assessment. It helps to guarantee that the restrictions, outcomes, consequence, logic, and risk assessment are undoubtedly understood by all the stakeholders.

Question 50

A web-based service provider with a low risk appetite for system outages is reviewing its current risk profile for online security. Which of the following observations would be MOST relevant to escalate to senior management?

A.A decrease in remediated web security vulnerabilities

B.An increase in attempted distributed denial of service (DDoS) attacks

C.A decrease in achievement of service level agreements (SLAs)

D.An increase in attempted website phishing attacks

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Question 46

Question 47

Question 48

Question 49

Question 50

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