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Practice Quiz – Part 1
- Which of the following is not a component of the risk management process?
- Risk identification
- Risk analysis
- Risk acceptance
- 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.
- What is the purpose of a risk assessment?
- To identify vulnerabilities in the system
- To determine the impact of a potential risk event
- To evaluate the effectiveness of existing controls
- All of the above
Answer: D. All of the above.
The purpose of a
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