In: Operations Management
49. A new regulation for safeguarding information processed by a specific type of transaction has come to the attention of an IT manager. The manager should FIRST:
The correct answer is ___
50. Operational risk assessment techniques should be used by risk/ control professionals to:
51. Which of the following is minimized when acceptable risk is achieved?
52. Which of the following is MOST essential for a risk management program to be effective?
Answer 49: Option D
Explanation: The manager should first check whether the existing control meets the new regulation which has been launched recently.
Answer 50: Option D
Explanation: The operational risk management techniques are used to obtain the quantified value of risk which would be subjectively treated.
Answer 51: Option D
Explanation: By meeting the acceptable risk levels, the inherent risk is minimized.
Answer 52: Option C
Explanation: For conducting an effective risk management program, accurate risk reporting is essential.