CIG Risk Management & Compliance

Question 1

What is the primary goal of risk management?

Accepted Answer

Identify and mitigate risks

Answer

Ignore potential risks

Answer

Increase risks

Answer

Delay decisions

Question 2

Which compliance activity ensures adherence to laws and regulations?

Accepted Answer

Answer

Policy enforcement

Answer

Ignoring policies

Answer

Avoiding audits

Answer

Bypassing regulations

Question 3

What is a risk assessment?

Accepted Answer

Evaluate risk likelihood and impact

Answer

Ignoring threats

Answer

Increase vulnerabilities

Answer

Delay risk response

Question 4

Which control type reduces risk exposure?

Accepted Answer

Preventive controls

Answer

Detective controls

Answer

Corrective controls

Answer

Compensating controls

Question 5

Why is compliance training important?

Accepted Answer

Educate on policies

Answer

Ignore rules

Answer

Encourage violations

Answer

Reduce awareness

Question 6

What does a compliance audit verify?

Accepted Answer

Verify adherence to regulations

Answer

Ignore compliance

Answer

Reduce control effectiveness

Answer

Delay reporting

Question 7

Which document outlines an organization’s compliance policies?

Accepted Answer

Compliance program

Answer

Employee handbook

Answer

Financial report

Answer

Marketing plan

Question 8

How can risk mitigation be achieved?

Accepted Answer

Apply controls to reduce impact

Answer

Ignoring risks

Answer

Increase vulnerabilities

Answer

Delay responses

Question 9

Why is continuous monitoring essential in compliance?

Accepted Answer

Detect and fix issues early

Answer

Ignore problems

Answer

Delay detection

Answer

Reduce oversight