312-76v3

312-76v3 practice questions, page 4 of 6, with answer review and explanations.

Question 16

Polly was estimating the magnitude of damage that would be done to her organization if someone were to leak the specifics of the new product her team was developing. Since the information was stored on a potentially vulnerable server and the cost of upgrading the infrastructure was huge, she was assessing if the upgrade should be done. According to her estimations, her company might stand to lose over two hundred thousand dollars should such a leak occur. Since this was more than the cost of the upgrade, she decided to go for the upgrade. Which risk factor did Polly essentially estimate?

  1. Vulnerability
  2. Impact
  3. Likelihood
  4. Hazard

Question 17

Jonathan was tasked with conducting the risk assessment process for a logistics-based startup. As part of his assignment, he was required to spend time in the organization and interact with people so as to prioritize the various risks faced by the organization. After examining the risks faced by the organization, he classified the risks in the following order: Very Low - Low - Medium - High - Very High - Which assessment method did Jonathan use to perform the risk assessment?

  1. Semi-Qualitative Risk Assessment
  2. Semi-Quantitative Risk Assessment
  3. Qualitative Risk Assessment
  4. Quantitative Risk Assessment

Question 18

After Colin's organization had identified and prioritized the risks faced by the organization, Colin decided to implement certain strategies to manage risk (also known as risk response). Which of the following strategies is not a part of risk response?

  1. Acceptance
  2. Mitigation
  3. Sharing
  4. Safety

Question 19

Which of the following terms refers to the potential gain from the best alternative forgone when a choice needs to be made between several mutually exclusive alternatives?

  1. Cost Benefit Analysis
  2. Opportunity Cost
  3. Business Impact Analysis
  4. Fixed Cost

Question 20

Which of the following terms refers to any circumstance with the potential to disrupt or degrade the quality of operations or assets?

  1. Impact
  2. Threat
  3. Vulnerability
  4. Hazard