AI Risk Management AAIA Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   During an AI risk identification exercise, an organization discovers that a new credit-scoring model could inadvertently discriminate against a protected group. Which category of AI-related risk does this finding primarily represent?

   • AOperational risk
   • BStrategic risk
   • CCompliance risk
   • DReputational risk
   Reveal Solution Discussion Select an answer first
2. 27foundation · easy

   An organization is identifying AI-related risks across its business units. Which of the following is an example of a strategic AI-related risk?

   • AAn AI model produces incorrect outputs due to poor data quality
   • BThe AI system violates a new data protection regulation
   • CNegative media coverage of an AI failure damages the brand
   • DA competitor's AI innovation disrupts the organization's market position
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A large hospital network uses AI for patient diagnosis support. The board of directors wants to ensure that AI risk management is integrated into the organization's governance. Which action best demonstrates this integration?

   • AAppoint a Chief AI Officer who reports directly to the board and has authority over all AI risk decisions.
   • BDelegate AI risk management to the IT department, as they manage the systems.
   • CIncorporate AI risk into the existing enterprise risk committee's agenda, with the CRO as the accountable owner.
   • DCreate a separate AI risk department that operates independently from the enterprise risk function.
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   Which of the following is a key element of AI risk governance?

   • AEliminating all AI-related risks
   • BCentralizing all AI decisions in a single individual
   • CAssigning clear roles and responsibilities for AI risk management
   • DAvoiding the use of AI in high-risk areas
   Reveal Solution Discussion Select an answer first
6. 30application · medium

   A government agency uses an AI system to automate benefits eligibility decisions. The system has been in production for six months. The agency's risk team is conducting a risk identification exercise. Which risk is most likely to be overlooked if the team only focuses on technical performance?

   • AData quality issues in the training dataset
   • BCybersecurity vulnerabilities in the AI infrastructure
   • CReputational risk from public perception of unfair denials
   • DModel drift due to changes in the underlying data distribution
   Reveal Solution Discussion Select an answer first