Understand the Role of Risk and Risk Management in DPI (1.2.1.3, 2.3, 2.3.1-2) ITIL-4-STRATEGIC-LEADER-MODULES Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A company is launching a new digital service that relies on a third-party API. The team identifies a risk that the API provider may change its pricing, affecting the service's profitability. They decide to sign a long-term contract with the provider to lock in pricing. Which risk response strategy is this?

   • ARisk transfer
   • BRisk avoidance
   • CRisk mitigation
   • DRisk acceptance
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   A digital product team is launching a new mobile payment feature. The team identifies a risk that a third-party payment processor could experience downtime during peak shopping seasons. The product owner wants to proceed with the launch because the feature is critical to the company's revenue goals. Which approach best balances the risk with the value opportunity?

   • AImplement a secondary payment processor as a fallback and proceed with the launch.
   • BDelay the launch until the primary processor guarantees 100% uptime.
   • CProceed with the launch without additional measures because the risk is unlikely.
   • DCancel the feature entirely to eliminate the risk.
   Reveal Solution Discussion Select an answer first
4. 3application · medium

   An organization is implementing a new cloud-based service. They conduct a risk assessment and identify a high-impact risk of data breach. They decide to purchase cyber insurance to cover potential losses. Which risk response strategy is this?

   • ARisk acceptance
   • BRisk mitigation
   • CRisk transfer
   • DRisk avoidance
   Reveal Solution Discussion Select an answer first
5. 4application · medium

   An organization is managing risks for a new digital service. They have identified a risk and are deciding how to respond. They choose to accept the risk because the cost of mitigation exceeds the potential impact. Which risk response strategy is this?

   • ARisk transfer
   • BRisk avoidance
   • CRisk mitigation
   • DRisk acceptance
   Reveal Solution Discussion Select an answer first
6. 5expert · medium

   An organization is developing a new digital service. The risk owner identifies a risk that the service may not be adopted by users. The team decides to conduct user research and incorporate feedback into the design. Which risk management principle does this action reflect?

   • ARisk reduction through stakeholder engagement
   • BRisk transfer
   • CRisk avoidance
   • DRisk acceptance
   Reveal Solution Discussion Select an answer first