Free CRM Risk Control & Mitigation Questions and Answers

Question 1

What is the goal of risk control?

Accepted Answer

To reduce the frequency or severity of risks.

Answer

To eliminate business objectives.

Answer

To create risks for competitors.

Answer

To avoid stakeholder engagement.

Question 2

Which of the following is an example of a physical control?

Accepted Answer

Security camera installation.

Answer

Employee code of conduct.

Answer

Financial audit policy.

Answer

Project budgeting guideline.

Question 3

What does 'risk mitigation' typically involve?

Accepted Answer

Reducing the impact of a risk event.

Answer

Ignoring the risk.

Answer

Escalating the risk.

Answer

Reassigning project leaders.

Question 4

What type of control is a company policy that limits access to data?

Accepted Answer

Administrative control.

Answer

Technical control.

Answer

Physical control.

Answer

Informal control.

Question 5

How does redundancy help in risk mitigation?

Accepted Answer

It ensures operations continue if the primary system fails.

Answer

It increases costs with no benefits.

Answer

It confuses the workflow.

Answer

It eliminates the need for training.

Question 6

Which of the following best describes a proactive risk control?

Accepted Answer

Installing fire alarms in advance.

Answer

Responding after a breach.

Answer

Filing an insurance claim.

Answer

Issuing a public apology.

Question 7

Why is testing controls important in risk mitigation?

Accepted Answer

To validate the effectiveness of risk controls.

Answer

To delay audits.

Answer

To reduce employee morale.

Answer

To eliminate all risks.

Question 8

What does 'control environment' refer to in risk mitigation?

Accepted Answer

Organizational culture and structure.

Answer

Only the IT infrastructure.

Answer

Physical building conditions.

Answer

Market competition level.

Question 9

How can risk be reduced through training programs?

Accepted Answer

By ensuring employees are prepared to prevent risks.

Answer

By outsourcing risk decisions.

Answer

By minimizing team size.

Answer

By replacing risk analysis with instinct.