AI Governance CAIPM Practice Questions (Page 8)

Questions 36–40

1. 36application · medium

   A financial services firm has deployed an AI system for credit scoring. The system must comply with fair lending laws. The compliance team wants to ensure ongoing compliance and performance. What is the most effective way to monitor the AI system?

   • AReview the model's outputs quarterly
   • BRely on user feedback to identify any issues
   • CSet up automated monitoring that tracks key performance indicators and fairness metrics in real time
   • DConduct a one-time validation before deployment
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2. 37expert · hard

   A technology company is developing an AI policy for the use of generative AI in internal operations. The policy must balance innovation with ethical considerations such as transparency and accountability. The company has a diverse workforce with varying levels of AI literacy. The policy should be practical and enforceable. What is the best approach to policy development?

   • ACreate a cross-functional task force that includes employees from different departments and levels to co-create the policy
   • BImplement a strict policy that prohibits the use of generative AI until fully understood
   • CAdopt a policy from a leading tech company and customize it slightly for internal use
   • DDraft the policy based on legal requirements and industry best practices, then distribute it to all employees
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4. 38application · medium

   A hospital is deploying an AI system to assist with diagnosis. The medical staff are concerned about the system's accuracy and liability. The program manager must engage stakeholders to build trust. Which approach is most effective?

   • ALimit physician involvement to avoid bias in the design.
   • BUse the AI system as a replacement for physician judgment.
   • CDeploy the system quickly and address concerns after implementation.
   • DInvolve physicians in the design and validation process and provide clear guidelines for human oversight.
   Reveal Solution Discussion Select an answer first
5. 39application · medium

   A university is developing an AI system to screen student applications. The administration wants to ensure the system is fair and accepted by the campus community. The program manager must engage stakeholders. Which engagement approach is most effective?

   • ASend a survey to alumni to gauge their opinions.
   • BMake the decision internally and announce it after deployment.
   • CHold public forums with students, faculty, and admissions staff to gather input and address concerns.
   • DConsult only with the IT department to ensure technical feasibility.
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6. 40application · medium

   An autonomous vehicle company is deploying an AI system for navigation. The system must ensure passenger safety and comply with transportation regulations. The company wants to monitor the system's performance in real-world conditions. What is the most important risk management practice?

   • AImplement a safety monitoring system that triggers alerts when the AI deviates from expected behavior
   • BRely on simulation testing only
   • CConduct a safety audit before deployment
   • DProvide a manual override for the driver
   Reveal Solution Discussion Select an answer first