Multiple Choice
A certain risk has a 1% likelihood of occurrence in the coming year. If the risk is observed, the organization estimates a loss of $1million. A second risk has a 15% likelihood of occurrence in the coming year. If the second risk is observed, the organization estimates a loss of $100,000. Comparing the two risks
A) Risk 2 is greater than risk 1
B) Risk 1 is greater than risk 2
C) Risk 2 is equal to risk 1
D) Risk 2 is negligible
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A certain risk has a 1% likelihood
Q2: As described in the text, a statement
Q3: IT risk is<br>A) The risk associated with
Q4: Risk management is<br>A) A quantified measure of
Q5: In the NIST 800-39 framework, risk monitoring<br>A)
Q7: In the NIST 800-39 framework, risk assessment<br>A)
Q8: The verification of IT general controls as
Q9: Section 404 of the Sarbanes-Oxley act of
Q10: If assessed using the NIST 800-39 framework,
Q11: A given threat is usually associated with