AI Governance and Program Management AAIA Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   What is the primary purpose of aligning AI governance with an organization's risk appetite?

   • ATo eliminate all risks associated with AI
   • BTo ensure AI initiatives are pursued only when the risks are within acceptable levels
   • CTo maximize AI adoption regardless of risk
   • DTo transfer all AI risks to third parties
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2. 22application · medium

   A healthcare organization is establishing an AI governance program. The board has approved a policy that mandates human oversight for all AI-driven clinical decisions. The organization is now defining roles and responsibilities. Which assignment best supports this policy and ensures accountability?

   • AThe chief medical officer is responsible for clinical oversight, and the AI governance committee monitors compliance with the policy.
   • BThe IT department is responsible for all AI oversight because it manages the infrastructure.
   • CThe AI development team is responsible for ensuring human oversight is implemented in the model's design.
   • DEach individual clinician is responsible for ensuring the AI system is safe, with no additional governance oversight.
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4. 23expert · hard

   A multinational corporation is establishing an AI governance program. The board has mandated that AI ethics be a top priority. The organization has a decentralized structure with regional business units. The AI governance committee is deciding how to assign roles and responsibilities. Which approach best balances board oversight with regional flexibility?

   • AHire an external ethics consultant to make all AI ethics decisions.
   • BAssign the board full responsibility for all AI ethics decisions, with regional units implementing them.
   • CCreate a central AI ethics committee with regional representatives to ensure consistent standards and local input.
   • DDelegate all AI ethics decisions to regional units, with the board only reviewing annual reports.
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5. 24foundation · easy

   In an AI governance structure, which role is typically responsible for setting the overall AI risk appetite and ensuring alignment with the organization's strategic objectives?

   • AData Scientist
   • BAI Project Manager
   • CChief Information Officer (CIO)
   • DBoard of Directors
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6. 25expert · hard

   A bank's AI governance committee is reviewing a new AI system for fraud detection. The system has shown high accuracy but also has a higher false-positive rate for certain demographic groups. The bank's risk appetite is moderate, and it must comply with fair lending laws. The committee must decide whether to approve the system. Which decision best aligns with the bank's strategy and risk appetite?

   • AApprove the system because its overall accuracy is high, and false positives are an acceptable trade-off.
   • BReject the system outright because any bias is unacceptable.
   • CApprove the system with a requirement to monitor and mitigate bias, and report results to the board.
   • DDefer the decision to the legal team to determine if the system is compliant.
   Reveal Solution Discussion Select an answer first