Online Access Free EX0-004 Practice Test

Which describes the threat response option 'accept the risk'?

• A.Take no action except monitor the risk to ensure it remains tolerable
• B.Carry out an action to make the uncertain situation certain
• C.Perform an action to minimize the impact of the risk should it occur
• D.Partake in a pain/gain contract with another party for the specified risk

What step is used to determine the likelihood of a risk occurring?

• A.Identify-context
• B.Assess - evaluate
• C.Assess - estimate
• D.Identify - risks

Which defines the inherent probability of a risk?

• A.Likelihood of an issue occurring before implementing a risk response
• B.Chance of a risk occurring before implementing a risk response
• C.Effect of the risk on the activity after implementing a risk response
• D.Calculation of the timeframe and urgency of a risk prior to a risk response

What is the lack of senior management support a common barrier to?

• A.Implementing the steps in the risk management process
• B.Developing a risk communications plan
• C.Identifying key performance indicators
• D.Involving stakeholders in risk identification

Which heading in a 'risk register is used to record the area of uncertainty?

• A.Effect
• B.Event
• C.Cause
• D.Probability