Risk Events CRISC Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   An organization decides to purchase insurance to cover potential losses from a risk event. Which risk response is this?

   • ATransfer
   • BMitigation
   • CAvoidance
   • DAcceptance
   Reveal Solution Discussion Select an answer first
2. 22application · medium

   A utility company maintains a risk register for its infrastructure projects. The risk manager wants to ensure that the register is useful for tracking changes in risk events over time. What should the risk manager do?

   • AInclude a field for the date of last review and update it regularly.
   • BOnly document risk events that have already occurred.
   • CRemove risk events that have not occurred in the past year.
   • DKeep the risk register static to avoid confusion.
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   A new government regulation is introduced that could affect an organization's ability to operate in a certain market. How should this risk event be categorized by source?

   • AInternal
   • BStrategic
   • COperational
   • DExternal
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   Which risk response involves taking actions to reduce the likelihood or impact of a risk event?

   • AAcceptance
   • BMitigation
   • CTransfer
   • DAvoidance
   Reveal Solution Discussion Select an answer first
6. 25expert · hard

   A construction company is managing multiple projects and maintains a risk register. The risk manager wants to ensure that the register supports effective monitoring of risk events. Which practice would be most effective?

   • AKeep the register confidential to avoid stakeholder concern.
   • BInclude only high-impact risk events in the register.
   • CUpdate the register only when a risk event occurs.
   • DAssign a risk owner for each risk event and review the register monthly.
   Reveal Solution Discussion Select an answer first