Risk Management

What is the primary goal of risk management?

• To eliminate all risks

• To identify and control risks

• To ignore potential threats

• To increase vulnerabilities

Which of the following is NOT a component of risk management?

• Risk control

• Risk elimination

• Risk assessment

• Risk identification

What does the term 'vulnerability' refer to in risk management?

• An asset's value

• A potential threat

• A risk control strategy

• A flaw in system security

Which strategy involves shifting risk to another organization?

• Defend

• Transfer

• Terminate

• Mitigate

What is the purpose of a disaster recovery plan?

• To ensure business continuity

• To identify vulnerabilities

• To define actions during an incident

• To prevent all risks

What is the first step in the risk management process?

• Treat the risk

• Analyze the risk

• Identify the risk

• Evaluate the risk

Which of the following is a method to defend against vulnerabilities?

• Outsourcing

• Training and education

• Ignoring the risk

• Accepting the risk

What does 'mitigate' mean in the context of risk management?

• To eliminate risks completely

• To transfer risks to others

• To reduce the impact of risks

• To accept risks as they are

What is a business continuity plan designed to do?

• Identify risks

• Ensure operations during a disaster

• Evaluate risk levels

• Control vulnerabilities

Which of the following is a key term in risk management?

• Asset

• Profit

• Revenue

• Cost