FREE PSP Risk Management Questions and Answers
Which of the following is the first step in the risk management process?
Correct!
Wrong!
Risk identification is the first step, where potential risks are identified and documented.
Which risk treatment strategy involves accepting the risk without taking any action to reduce its impact?
Correct!
Wrong!
Risk acceptance is a strategy where the organization decides to accept the risk as it is, without any intervention.
Which of the following is an example of risk transfer?
Correct!
Wrong!
Risk transfer involves shifting the risk to another party, often through insurance.
What is the primary purpose of conducting a risk assessment?
Correct!
Wrong!
Risk assessment helps in evaluating the severity and likelihood of risks, allowing for prioritization.
What is the purpose of a vulnerability assessment in risk management?
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Wrong!
A vulnerability assessment focuses on finding and documenting vulnerabilities in systems and processes.