Free SE Risk Management Quetions and Answers

Question 1

Which of the following best describes the primary goal of risk management?

Accepted Answer

To identify and mitigate risks based on their potential impact

Answer

To eliminate all risks

Answer

To reduce the cost of security infrastructure

Answer

To comply with regulatory standards

Question 2

Which of the following components are part of the risk management process?

Accepted Answer

Risk Identification

Answer

Risk Elimination

Answer

Incident Response

Question 3

What is the first step in a typical risk management process?

Accepted Answer

Risk Identification

Answer

Risk Assessment

Answer

Risk Treatment

Answer

Risk Monitoring

Question 4

Which of the following is a qualitative method used in risk assessment?

Accepted Answer

Risk Scoring Matrix

Answer

Asset Valuation

Answer

Annualized Loss Expectancy (ALE)

Answer

Cost-Benefit Analysis

Question 5

Which of the following is an example of risk transference?

Accepted Answer

Outsourcing IT services to a third-party provider with liability insurance

Answer

Installing a firewall to protect against cyber attacks

Answer

Encrypting sensitive data to prevent data breaches

Answer

Conducting regular security training for employees