Stakeholder Considerations, Industry Frameworks, and Regulatory Requirements AAISM Practice Questions (Page 5)

Questions 21–25

1. 21application · medium

   A multinational bank is deploying an AI system to automate loan approvals. The AI governance lead is compiling a stakeholder register. Which group is most likely to be overlooked but is critical to include because the system directly affects their rights and access to credit?

   • AThe software vendor that developed the AI model
   • BApplicants who may be denied credit, including those from protected groups
   • CThe bank's internal audit team, who will review the system's controls
   • DThe bank's marketing department, which will use the system to target new customers
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   Which of the following is an example of a social impact that might be assessed in a stakeholder impact assessment?

   • AIncreased processing speed of the AI system
   • BPotential bias against a protected group
   • CReduction in operational costs
   • DImproved model accuracy on test data
   Reveal Solution Discussion Select an answer first
4. 23application · medium

   A European company is developing an AI system that will be used to screen job applicants. Under the EU AI Act, how is this system most likely to be classified?

   • AHigh-risk, because it is used for employment and recruitment decisions
   • BLimited risk, because it does not involve physical safety
   • CUnregulated, because it is not a medical device or autonomous vehicle
   • DMinimal risk, because it is a standard HR tool
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   What is the primary purpose of the EU AI Act?

   • ATo create a global standard for AI ethics
   • BTo ban all AI systems that use personal data
   • CTo establish a risk-based regulatory framework for AI systems
   • DTo promote the development of AI without any restrictions
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   When selecting an AI governance framework, what is the most important consideration?

   • AThe framework's age and historical use
   • BThe framework's length and complexity
   • CThe organization's specific context, requirements, and objectives
   • DThe framework's popularity in the media
   Reveal Solution Discussion Select an answer first