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NEW QUESTION: 1
Which of the following statements is true for risk analysis?
A. Risk analysis should address the potential size and likelihood of loss.
B. Risk analysis should limit the scope to a benchmark of similar companies
C. Risk analysis should assume an equal degree of protection for all assets.
D. Risk analysis should give more weight to the likelihood than the size of loss.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A risk analysis deals with the potential size and likelihood of loss. A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats. A risk from an organizational perspective consists of:
Threats to various processes of organization.
Threats to physical and information assets.
Likelihood and frequency of occurrence from threat.
Impact on assets from threat and vulnerability.
Risk analysis allows the auditor to do the following tasks :
Identify threats and vulnerabilities to the enterprise and its information system.
Provide information for evaluation of controls in audit planning.
Aids in determining audit objectives.
Supporting decision based on risks.
Incorrect Answers:
A: Assuming equal degree of protection would only be rational in the rare event that all the assets are similar in sensitivity and criticality. Hence this is not practiced in risk analysis.
B: Since the likelihood determines the size of the loss, hence both elements must be considered in the calculation.
C: A risk analysis would not normally consider the benchmark of similar companies as providing relevant information other than for comparison purposes.
NEW QUESTION: 2
DRAG DROP
You are performing the initial configuration on a new Cisco device. Drag the task from the left onto the required or optional category on the right.
Answer:
Explanation:
https://www.cisco.com/c/en/us/td/docs/routers/access/1900/software/configuration/guide/Software_ Configuration/appendixAcli.html
NEW QUESTION: 3
Concepts, like other resources, can be instantiated
A. TRUE
B. FALSE
Answer: A
NEW QUESTION: 4
You observe that the small boxes of a specific product are not selling well compared to the large boxes of the same product.
You need to know how many of the small boxes of the product you have on hand and where the boxes are located.
Which report should you use?
A. Location label
B. Physical inventory by inventory dimension
C. On-hand inventory
D. Inventory by inventory dimension aging
Answer: D
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