Risk Assessment Knowledge Quiz
Risk Assessment Knowledge Quiz
Test your understanding of risk assessment and analysis with our comprehensive quiz! This quiz covers essential concepts and practical scenarios that every professional should be familiar with.
Features of the quiz include:
- 26 engaging multiple-choice questions
- Real-world case studies
- Instant feedback on your answers
A risk assessment (RA), also referred to as “.........“
Risk management
Risk analysis
Security
Rules
A risk assessment (RA), also referred to as “risk analysis,” is a methodology used to ............ ,............, and prioritize organizational risk.
Assess , understand
Identify , analysis
Identify , assess
Understand, analysis
Without a risk assessment, organizations can be left unaware of where their critical assets live and what the risks to those assets are.
True
False
Risk assessments evaluate the ............ and ............ Of those threats actually happening,
Threat and weakness
Impact and control
Risk and security
Likelihood and impact
Any company has a infinite amount of money
True
False
RA is an important part of the .......... process.
Risk management
Risk analysis
Both
An RA is a point-in-time
True
False
The purpose of risk assessment
Support decision making
Evaluate control effectiveness
Both
High-priority risks should be accepted . Lower priority risks may be mitigated.
True
False
Identify the likelihood that a risk will occur—This can be based on ...............or opinions
Current data
Historical data
Achieve data
There’s no right or wrong choice for what’s included in the scope. Management can decide to include or exclude anything. The most important point is to make a choice.
True
False
Quantitative—This is an ......... method
Subject
Math
Objective
IT
A Quantitative RA can be completed rather quickly.
True
False
.......... This type of RA becomes a simple math problem with the use of formulas.
Qualitative
Quantitative
Both
A ........... RA can be completed rather quickly.
Quantitative
Qualitative
Both
.........: The total loss expected from a single incident.
SLE
ARO
ALE
Safeguard value
Annual loss expectancy (ALE)
The total loss expected from a single incident.
The expected loss for a year. ALE is calculated by multiplying SLE X ARO. Because SLE is a given in a dollar value, ALE is given as a dollar value.
The number of times an incident is expected to occur in a year.
This is the cost of a control. Controls are used to mitigate risk.
A company issues laptop computers to employees. The value of each laptop is $4000. This includes the hardware, software, and data. About 100 laptops are being used at any time. In the past two years, the company has lost an average of one laptop per quarter. These laptops were stolen when systems were left unattended. With this information, can you answer these questions? What’s the SLE
2000
4000
6000
12000
A company issues laptop computers to employees. The value of each laptop is $4000. This includes the hardware, software, and data. About 100 laptops are being used at any time. In the past two years, the company has lost an average of one laptop per quarter. These laptops were stolen when systems were left unattended. With this information, can you answer these questions? What’s the ARO
4
8
2
6
A company issues laptop computers to employees. The value of each laptop is $4000. This includes the hardware, software, and data. About 100 laptops are being used at any time. In the past two years, the company has lost an average of one laptop per quarter. These laptops were stolen when systems were left unattended. With this information, can you answer these questions? What’s the ALE?
8000
10000
16000
20000
........ Provides a CBA
Quantitative
Qualitative
Risk level =
Probability - Impact
Probability / Impact
Probability + Impact
Probability x Impact
Security is static
True
False
Who makes the big decisions in a company?
Risk manager
Risk team
Management
Without the availability of the right personnel and the right data, the RA becomes much more difficult to complete.
True
False
Even if the data isn’t 100 percent accurate, it doesn’t mean that you can use it.
True
False
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