Governance, Risk, and Compliance Quiz

What does GRC stand for?

• Governance, Risk, and Compliance

• General Risk Control

• Global Resource Coordination

• Governance, Regulation, and Control

Which of the following is a key component of GRC?

• Risk Management

• Project Management

• Marketing Strategies

• Human Resources

What is the primary focus of the NIST Cybersecurity Framework?

• Human Resource Management

• Project Development

• Cybersecurity Risk Management

• Financial Management

Which regulation requires organizations to protect patient health information?

• SOX

• GDPR

• HIPAA

• PCI DSS

What is the purpose of an incident response plan?

• To manage employee performance

• To respond to security breaches

• To conduct financial audits

• To develop marketing strategies

What does the term 'compliance' refer to in GRC?

• Employee training programs

• Developing marketing strategies

• Managing financial resources

• Adherence to laws and regulations

Which of the following is a benefit of implementing GRC?

• Decreased operational efficiency

• Increased employee turnover

• Reduced risk of cyberattacks

• Higher marketing costs

Which of the following frameworks focuses on IT governance?

• NIST CSF

• ISO 27001

• COBIT

• HIPAA

What is risk mitigation?

• Risk mitigation is the process of reducing the impact or likelihood of potential risks.
• Risk mitigation is solely about transferring risks to another party.
• Risk mitigation involves ignoring potential risks altogether.
• Risk mitigation is the process of increasing potential risks.

What is a risk assessment?

• A risk assessment is a financial analysis tool.
• A risk assessment is a method to eliminate all risks.
• A risk assessment is a process to identify and evaluate potential risks.
• A risk assessment is a legal requirement for all businesses.