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Practice Quiz – Part 1

  1. Which of the following is not a component of the risk management process?
    1. Risk identification
    2. Risk analysis
    3. Risk acceptance
    4. Risk elimination

Answer: D. Risk elimination.

Risk elimination is not a component of the risk management process because it is not always possible to eliminate all risks, and attempting to do so may not be feasible. The other options – risk identification, risk analysis, and risk acceptance – are all important components of the risk management process.

  1. What is the purpose of a risk assessment?
    1. To identify vulnerabilities in the system
    2. To determine the impact of a potential risk event
    3. To evaluate the effectiveness of existing controls
    4. All of the above

Answer: D. All of the above.

The purpose of a

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