AI Risk Treatment Strategies AAIR Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A startup uses an AI chatbot for customer support. The chatbot occasionally gives incorrect product information, leading to customer dissatisfaction. The startup has a high risk appetite and limited budget. The cost to fix the chatbot is high, and the impact is low. Which risk treatment option is most appropriate?

   • AMitigate the risk by adding a disclaimer that responses may be inaccurate.
   • BTransfer the risk by hiring a third-party support team.
   • CAvoid the risk by disabling the chatbot.
   • DAccept the risk because the impact is low and the risk appetite is high.
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2. 2application · easy

   A company has a risk treatment for an AI fraud-detection system. The treatment is a quarterly review of the model's false-positive rate. After two quarters, the false-positive rate is stable and within the acceptable threshold. What is the most appropriate action?

   • AStop the review because the rate is stable.
   • BContinue the quarterly review as planned.
   • CAccept the risk and remove the treatment from the risk register.
   • DIncrease the review frequency to monthly.
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4. 3expert · hard

   A logistics company has a risk treatment for an AI route-optimization system. The treatment is a monthly performance review. After a year, the system's performance is stable, and the risk has not materialized. The team proposes to reduce the review frequency to annually to save resources. What is the most appropriate response?

   • AApprove the change but require a documented risk assessment to justify the reduced frequency.
   • BReject the change because the review frequency must never change.
   • CApprove the change because the risk has not materialized in a year.
   • DReject the change and increase the review frequency to bi-weekly.
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5. 4foundation · easy

   An organization has implemented a risk treatment for an AI system. To ensure the treatment remains effective over time, what should the organization establish?

   • AA plan to discontinue the AI system if any issue arises
   • BA policy to ignore any new risks that emerge
   • CA one-time audit at the end of the project
   • DOngoing monitoring and periodic review processes
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6. 5application · easy

   A company decides to transfer the risk of an AI model failure to an insurer. The policy is purchased, and the risk is registered. What is the most important documentation to maintain for this treatment?

   • AThe original risk assessment before the transfer.
   • BThe insurance policy details, including coverage limits and exclusions.
   • CThe vendor's model documentation.
   • DThe minutes of the meeting where the transfer was approved.
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