Interested to Buy Any Domain ? << Click Here >> for more details...
A team conducting a risk analysis is having difficulty
projecting the financial losses that could result from a
risk. To evaluate the potential losses the team should:
A. compute the amortization of the related assets.
B. calculate a return on investment (ROI).
C. apply a qualitative approach.
D. spend the time needed to define exactly the loss amount.
- 1 Answers
- 7747 Views
- I also Faced
- E-Mail Answers
Answer / guest
Answer: C
The common practice, when it is difficult to calculate the
financial losses, is to take a qualitative approach, in
which the manager affected by the risk defines the financial
loss in terms of a weighted factor (e.g., 1 is a very low
impact to the business and 5 is a very high impact). A ROI
is computed when there is a predictable savings or revenues,
which can be compared to the investment needed to realize
the revenues. Amortization is used in a profit and loss
statement, not in computing potential losses. Spending the
time needed to define exactly the total amount is normally a
wrong approach. If it has been difficult to estimate
potential losses (e.g., losses derived from erosion of
public image due to a hack attack) that situation is not
likely to change, and at the end of the day, you will arrive
with a not well-supported evaluation.
| Is This Answer Correct ? | 3 Yes | 1 No |
The security level of a private key system depends on the number of: A. encryption key bits. B. messages sent. C. keys. D. channels used.
The rate of change of technology increases the importance of: A. outsourcing the IS function. B. implementing and enforcing good processes. C. hiring personnel willing to make a career within the organization. D. meeting user requirements.
Business continuity/disaster recovery is PRIMARILY the responsibility of: A. IS management. B. business unit managers. C. the security administrator. D. the board of directors.
Which audit technique provides the BEST evidence of the segregation of duties in an IS department? A. Discussion with management B. Review of the organization chart C. Observation and interviews D. Testing of user access rights
Analysis of which of the following would MOST likely enable the IS auditor to determine if a non-approved program attempted to access sensitive data? A. Abnormal job termination reports B. Operator problem reports C. System logs D. Operator work schedules
Which of the following functions, if performed by scheduling and operations personnel, would be in conflict with a policy requiring a proper segregation of duties? A. Job submission B. Resource management C. Code correction D. Output distribution
Which of the following types of controls is designed to provide the ability to verify data and record values through the stages of application processing? A. Range checks B. Run-to-run totals C. Limit checks on calculated amounts D. Exception reports
The key difference between a microwave radio system and a satellite radiolink system is that: A. microwave uses line-of-sight and satellite uses transponders during transmission. B. microwave operates through transponders placed on the earth's orbit. C. satellite uses line-of-sight during transmission. D. microwave uses fiber optic cables.
An IS auditor auditing hardware monitoring procedures should review A. system availability reports. B. cost-benefit reports. C. response time reports. D. database utilization reports.
52. Which of the following tests confirm that the new system can operate in its target environment?
The role of IT auditor in complying with the Management Assessment of Internal Controls (Section 404 of the Sarbanes-Oxley Act) is: A. planning internal controls B. documenting internal controls C. designing internal controls D. implementing internal controls
Which of the following is an object-oriented technology characteristic that permits an enhanced degree of security over data? A. Inheritance B. Dynamic warehousing C. Encapsulation D. Polymorphism
Cisco Certifications 
