Exam 5: Risk Management the Core of Private Security

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Which type of risk involves the potential for injury, damage or loss with no possible benefits?

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A

The probability that something will occur uses the formula P= f/n.This formula means:

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B

The professional security manager must devote as much time to quantifying and qualifying security initiatives as any other department within an organization to justify resource allocations and expenditures.

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The following guidelines provide a basic guideline to help security respond to incidents quickly and efficiently.

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The information needed for a security survey is obtained by ____________ and by talking to personnel.

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An attack tree visually represents the goal of an attack on some asset as the trunk of the tree and possible/probable ways to accomplish the attack as branches.

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Preventing loss through risk management includes all of the following, except

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Alternatives for handling risk include all of the following except

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Anticipating, recognizing and analyzing risks is known as

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The number of times a risk is reasonably expected to occurring during one year is called the _________________.

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Each component of the security system does not need to be periodically evaluated (audited) and changed as needed.

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Risk management is both a __________ and _______________ responsibility.

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The ______________________ focuses on the needs of the individual business, not of the business sector in general.

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The security survey (audit) is a(n) __________________ analysis of the total security system.

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A fundamental risk could be rapid inflation, natural disasters, or even war.

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Strategic risk is the uncertainty regarding an organization's financial goals and objectives.

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Risk management involves taking steps to reduce or prevent such risks and __________ the results.

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Organizations that do not have a comprehensive risk management program in place leave themselves open to disgruntled employees and customers as well as to potential civil liability.

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Factors to consider in risk analysis are

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Qualitative risk assessment can typically start to show significant results within a few days.

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