Online Access Free ISACA.CRISC.v2024-04-02.q999 Practice Test (Page 61)

CRISC Exam Question 296

Which of the following is the BEST approach for determining whether a risk action plan is effective?

A.Assessing the inherent risk

B.Assessing changes in residual risk

C.Comparing the remediation cost against budget

D.Monitoring changes of key performance indicators (KPIs)

CRISC Exam Question 297

Which of the following would be MOST helpful to a risk owner when making risk-aware decisions?

A.Recommendations for risk response options

B.List of business areas affected by the risk

C.Risk exposure expressed in business terms

D.Resource requirements for risk responses

CRISC Exam Question 298

Risks to an organization's image are referred to as what kind of risk?

A.Operational

B.Financial

C.Information

D.Strategic

E.Explanation:
Strategic risks are those risks which have potential outcome of not fulfilling on strategic objectives of the organization as planned. Since the strategic objective will shape and impact the entire organization, the risk of not meeting that objective can impose a great threat on the organization. Strategic risks can be broken down into external and internal risks: External risks are those circumstances from outside the enterprise which will have a potentially damaging or helpful impact on the enterprise. These risks include sudden change of economy, industry, or regulatory conditions. Some of the external risks are predictable while others are not. For instance, a recession may be predictable and the enterprise may be able to hedge against the dangers economically; but the total market failure may not as predictable and can be much more devastating. Internal risks usually focus on the image or reputation of the enterprise. some of the risks that are involved in this are public communication, trust, and strategic agreement from stakeholders and customers.
Reference: CRISC, Contents: "Assessing Risks"

F.is incorrect. Financial risks are not directly linked with organization's reputation.

G.is incorrect. Risk associated with leakage of information to an unauthorized person does not affect organization's image.

CRISC Exam Question 299

Which of the following would MOST likely require a risk practitioner to update the risk register?

A.An alert being reported by the security operations center.

B.Development of a project schedule for implementing a risk response

C.Engagement of a third party to conduct a vulnerability scan

D.Completion of a project for implementing a new control

CRISC Exam Question 300

Which of the following is the PRIMARY purpose of periodically reviewing an organization's risk profile?

A.Update risk responses in the risk register

B.Design and implement risk response action plans.

C.Altgn business objectives with risk appetite.

D.Enable risk-based decision making.

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