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IT-Risk-Fundamentals Frenquent Update, Lab IT-Risk-Fundamentals Questions
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The ISACA IT-Risk-Fundamentals certification exam is one of the top-rated career booster certifications in the market. This IT Risk Fundamentals Certificate Exam (IT-Risk-Fundamentals) certification offers a great opportunity for ISACA aspirants to validate their skills and knowledge. By doing this they can gain several personal and professional benefits. These IT-Risk-Fundamentals Certification benefits help them not only prove their expertise but also enable them to gain multiple career opportunities in the highly competitive market.
ISACA IT-Risk-Fundamentals Exam Syllabus Topics:
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ISACA IT Risk Fundamentals Certificate Exam Sample Questions (Q57-Q62):
NEW QUESTION # 57
Which of the following is the PRIMARY reason to conduct a cost-benefit analysis as part of a risk response business case?
- A. To determine the future resource requirements and funding needed to monitor the related risk
- B. To determine if the reduction in risk is sufficient to justify the cost of implementing the response
- C. To calculate the total return on investment (ROI) over time and benefit to enterprise risk management (ERM)
Answer: B
Explanation:
The primary reason for a cost-benefit analysis in a risk response business case is to determine whether the reduction in risk achieved by the response justifies the cost of implementing it. It's about weighing the potential benefits (reduced risk) against the costs of the response.
While determining future resource requirements (B) and calculating ROI (C) can be part of the analysis, the primary focus is on justifying the cost based on risk reduction.
NEW QUESTION # 58
When defining the risk monitoring process, management should also define the:
- A. exception procedures.
- B. continuous improvement plan.
- C. penalties for noncompliance.
Answer: A
Explanation:
When defining the risk monitoring process, it's crucial to define exception procedures. These procedures outline what should happen when a KRI triggers an alert or when a risk event occurs. They provide guidance on escalation, investigation, and response.
Penalties for noncompliance (A) are part of a broader control framework, not specifically risk monitoring. A continuous improvement plan (B) is important for overall risk management, but not the primary focus when defining the monitoring process itself.
NEW QUESTION # 59
To be effective, risk reporting and communication should provide:
- A. stakeholders with concise information focused on key points.
- B. the same risk information for each decision-making stakeholder.
- C. risk reports to each business unit and groups of employees.
Answer: A
NEW QUESTION # 60
A business continuity plan (BCP) is:
- A. a risk-related document that focuses on business impact assessments (BIAs).
- B. a methodical plan detailing the steps of incident response activities.
- C. a document of controls that reduce the risk of losing critical processes.
Answer: A
Explanation:
Definition and Purpose:
* ABusiness Continuity Plan (BCP)is a document that outlines how a business will continue operating during an unplanned disruption in service. It focuses on the processes and procedures necessary to ensure that critical business functions can continue.
BCP Components:
* The BCP typically includesBusiness Impact Assessments (BIAs), which identify critical functions and the impact of a disruption.
* It also encompasses risk assessments, recovery strategies, and continuity strategies for critical business functions.
Explanation of Options:
* Amethodical plan detailing the steps of incident response activities describes more of anIncident Response Plan (IRP).
* Ba document of controls that reduce the risk of losing critical processes could be part of a BCP but is more characteristic of a risk management plan.
* Caccurately reflects the BCP's focus on identifying and mitigating risks to business functions through BIAs, making it the most comprehensive and accurate description.
Conclusion:
* Therefore,Ccorrectly identifies a BCP as a document that focuses on BIAs to manage risks to critical
* business processes.
NEW QUESTION # 61
Which of the following is the BEST indication of a good risk culture?
- A. The enterprise learns from negative outcomes and treats the root cause.
- B. The enterprise places a strong emphasis on the positive and negative elements of risk.
- C. The enterprise enables discussions of risk and facts within the risk management functions.
Answer: A
Explanation:
A good risk culture in an organization can be identified by several characteristics. Among the options provided:
* Option A: The enterprise learns from negative outcomes and treats the root cause
* This option reflects a proactive and continuous improvement approach to risk management. It indicates that the organization does not just react to incidents but also learns from them and implements measures to address the underlying issues, thereby preventing recurrence. This approach aligns with best practices in risk management and demonstrates a mature risk culture.
* Option B: The enterprise enables discussions of risk and facts within the risk management functions
* While facilitating open discussions about risk is important, it primarily shows that the enterprise supports a communicative environment. However, it does not necessarily indicate that the enterprise takes concrete actions to learn from negative outcomes or address root causes.
* Option C: The enterprise places a strong emphasis on the positive and negative elements of risk
* Emphasizing both positive and negative elements of risk is beneficial as it provides a balanced view. Nonetheless, this focus alone does not provide evidence of actions taken to learn from past mistakes or to rectify the root causes of issues.
Conclusion:Option A is the best indication of a good risk culture because it demonstrates that the organization is committed to learning from past failures and improving its risk management processes by addressing the root causes of problems.
NEW QUESTION # 62
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