Interested to Buy Any Domain ? << Click Here >> for more details...
A primary function of risk management is the identification
of cost-effective controls. In selecting appropriate
controls, which of the following methods is best to study
the effectiveness of adding various safeguards in reducing
vulnerabilities?
A. "What if" analysis
B. Traditional cost/benefit analysis
C. Screening analysis
D. A "back-of-the-envelope" analysis
- 1 Answers
- 4382 Views
- I also Faced
- E-Mail Answers
Answer / guest
Answer: A
Choice (A) is the correct answer. With the "what if"
analysis method, the effect of adding various safeguards
(and therefore reducing vulnerabilities) is tested to see
what difference each makes. Trade-offs can then be made
based on the cost of the safeguard and its benefit in terms
of reduced risk. Choice (B) is incorrect. In traditional
cost/benefit analysis, the cost is based on the purchase and
operating costs of safeguards. The benefit is calculated
based on an expected decrease in future losses. Choice (C)
is incorrect. Screening analysis can be used to concentrate
on the highest-risk areas. One method is to examine risks
with very severe consequences, such as a high dollar loss or
loss of life. Choice (D) is incorrect. With "back-of-the
envelope" analysis, a high-medium-low ranking can often
provide all the information needed. However, especially for
the selection of expensive safeguards or the analysis of
systems with unknown consequences, more in-depth analysis
may be warranted.
| Is This Answer Correct ? | 3 Yes | 0 No |
An IS auditor should use statistical sampling and not judgmental (nonstatistical) sampling, when: A. the probability of error must be objectively quantified. B. the auditor wants to avoid sampling risk. C. generalized audit software is unavailable. D. the tolerable error rate cannot be determined.
Which of the following is the operating system mode in which all instructions can be executed? A. Problem B. Interrupt C. Supervisor D. Standard processing
Separation of duties between computer opeartors and other data processing personnel is intended to: A. Prevent unauthorized modifications to program or data. B. Reduce overall cost of operations C. Allow operators to concentrate on their assigned duties D. Restrict operator access to data
Capacity monitoring software is used to ensure: A. maximum use of available capacity. B. that future acquisitions meet user needs. C. concurrent use by a large number of users. D. continuity of efficient operations.
The quality assurance group is typically responsible for: A. ensuring that the output received from system processing is complete. B. monitoring the execution of computer processing tasks. C. ensuring that programs and program changes and documentation adhere to established standards. D. designing procedures to protect data against accidental disclosure, modification or destruction.
The PRIMARY purpose of undertaking a parallel run of a new system is to: A. verify that the system provides required business functionality. B. validate the operation of the new system against its predecessor. C. resolve any errors in the program and file interfaces. D. verify that the system can process the production load.
Which of the following has the LEAST effect on controlling physical access? A. Access to the work area is restricted through a swipe card. B. All physical assets have an identification tag and are properly recorded. C. Access to the premises is restricted and all visitors authorized for entry. D. Visitors are issued a pass and escorted in and out by a concerned employee.
Information requirement definitions, feasibility studies and user requirements are significant considerations when: A. defining and managing service levels. B. identifying IT solutions. C. managing changes. D. assessing internal IT control.
Electromagnetic emissions from a terminal represent an exposure because they: A. affect noise pollution. B. disrupt processor functions. C. produce dangerous levels of electric current. D. can be detected and displayed.
Which of the following MUST exist to ensure the viability of a duplicate information processing facility? A. The site is near the primary site to ensure quick and efficient recovery. B. The site contains the most advanced hardware available. C. The workload of the primary site is monitored to ensure adequate backup is available. D. The hardware is tested when it is installed to ensure it is working properly.
An IS auditor is auditing the controls relating to employee termination. Which of the following is the MOST important aspect to be reviewed? A. The related company staff are notified about the termination B. User ID and passwords of the employee have been deleted C. The details of employee have been removed from active payroll files D. Company property provided to the employee has been returned
Transmitting redundant information with each character or frame to facilitate detection and correction of errors is called: A. feedback error control. B. block sum check. C. forward error control. D. cyclic redundancy check.
Cisco Certifications 
