Deck 5: Risk Management the Core of Private Security

Question 1

Each component of the security system should be periodically evaluated and changes made before they are needed.

Answer 1

False

Question 2

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.

Answer 2

True

Question 3

Alternatives for handling risk include all of the following except

A)risk elimination.
B)risk reduction.
C)risk spreading.
D)risk speculation.

Answer 3

D

Question 4

Anticipating, recognizing and analyzing risks is known as

A)disaster management.
B)emergency management.
C)risk management.
D)terrorism management.

Question 5

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.

Question 6

The security survey (audit) is not a critical objective, on-site analysis of the total security system.

Question 7

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

A)P=probability f=financial
N=number of times
B)P=probability f=actual occurrences of the event
N=number of circumstances
C)P=probability f=frequency
N=number
D)P=probability f=factor of ten divided by twenty
N=number of days

Question 8

Which type of risk involves risk with the potential for both benefits and losses?

A)pure risk
B)dynamic risk
C)realistic risk
D)acceptable risk

Question 9

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

A)protect life and safety
B)contain the damage
C)asses the extent of damage
D)all of the above

Question 10

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

Question 11

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

A)critical
B)objective
C)on-site
D)all of the above

Question 12

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.

Question 13

Preventing loss through risk management always includes terrorism analysis.

Question 14

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

A)pure risk
B)dynamic risk
C)realistic risk
D)acceptable risk

Question 15

Four major types of hazards are:

A)physical, moral, typical, vulnerable
B)physical, moral, morale, critical
C)physical, moral, morale, legal
D)physical, moral, morale, on-going

Question 16

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

Question 17

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

A)risk analysis.
B)media involvement.
C)policy formulation.
D)specification of a protection plan.

Question 18

Factors to consider in risk analysis are

A)vulnerability..
B)probability.
C)criticality.
D)all of the above

Question 19

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

Question 20

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

Question 21

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

Question 22

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

Question 23

Conducting ___________ and ________________ risk assessments can give security managers a fairly comprehensive picture of an organization's security needs.

Question 24

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

Question 25

Risk management is anticipating, ____________ and ______________ risks.

Question 26

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

Question 27

The information needed for a security survey is obtained by _________ and by __________ to personnel.

Question 28

Risk management is both a __________ and _______________ responsibility.

Question 29

The ________________ model focuses on the quality of the products and services an organization provides.

Question 30

Three factors to consider in risk analysis are vulnerability, __________ and criticality.