Why is it important to involve stakeholders from different departments in the AI strategy process?

To reduce the need for external consultants

To gain diverse perspectives and ensure the strategy addresses various business needs

To satisfy regulatory requirements that mandate cross-departmental committees

To ensure that all departments get equal budget for AI projects

A global insurance company is deploying an AI underwriting system in the EU and the US. The EU AI Act classifies the system as high-risk, while US regulations are less prescriptive but require fair lending compliance. The company wants a single governance framework to manage both. Which approach best balances compliance and operational efficiency?

Adopt the EU AI Act's requirements as the baseline for the entire system, and map US fair lending rules to the same controls.

Rely on the OECD AI Principles as the single framework, since they are internationally recognized.

Use the US fair lending rules as the baseline, since they are more specific to underwriting.

Develop separate AI systems for the EU and US markets to avoid conflicting requirements.

Which of the following is a typical dimension evaluated in an AI maturity assessment?

Data infrastructure and management

Employee satisfaction survey results

In an AI implementation roadmap, what is the primary purpose of setting milestones?

To assign specific tasks to individual team members

To provide checkpoints for measuring progress and ensuring the project stays on track

To define the overall vision of the AI initiative

To eliminate the need for risk assessment

Which of the following is a key step in creating an AI implementation roadmap?

Deploying the AI system to production

Selecting the cheapest AI vendor

EC-CouncilCertified Responsible AI Governance and Ethics

Domain 2Objective 1

AI Strategy and Planning CRAGE Practice Questions (Page 10)

Part of the AI Strategy, Governance, and Frameworks domain, which makes up ~20% of our current practice bank.

53questions here

11free pages

8concepts

Questions 46–50

46foundation · easy
Why is it important to involve stakeholders from different departments in the AI strategy process?
Select an answer first
47expert · hard
A global insurance company is deploying an AI underwriting system in the EU and the US. The EU AI Act classifies the system as high-risk, while US regulations are less prescriptive but require fair lending compliance. The company wants a single governance framework to manage both. Which approach best balances compliance and operational efficiency?
Select an answer first
48foundation · easy
Which of the following is a typical dimension evaluated in an AI maturity assessment?
Select an answer first
49foundation · easy
In an AI implementation roadmap, what is the primary purpose of setting milestones?
Select an answer first
50foundation · easy
Which of the following is a key step in creating an AI implementation roadmap?
Select an answer first

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