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Which of the following is an example of a risk avoidance strategy?

A.

Hedging against exchange rate variations.

B.

Limiting access to an organization's data center.

C.

Selling a nonstrategic business unit.

D.

Outsourcing a high-risk activity.

Which of the following is a strategy that organizations can use to stimulate innovation?

1. Source from the most advanced suppliers.

2. Establish employee programs that reward initiative.

3. Identify best practice competitors as motivators.

4. Ensure that performance targets are always achieved.

A.

1 and 3 only

B.

2 and 4 only

C.

1, 2, and 3 only

D.

1, 2, 3, and 4

Which of the following describes the most appropriate set of tests for auditing a workstation's logical access controls?

A.

Review the list of people with access badges to the room containing the workstation and a log of those who accessed the room.

B.

Review the password length, frequency of change, and list of users for the workstation's login process.

C.

Review the list of people who attempted to access the workstation and failed, as well as error messages.

D.

Review the passwords of those who attempted unsuccessfully to access the workstation and the log of their activity.

When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?

A.

Review and acquire the external audit service.

B.

Assess the appraisal and actuarial services.

C.

Determine the selection criteria.

D.

Identify regulatory requirements to be considered.

Preferred stock is less risky for investors than is common stock because:

A.

Common stock pays dividends as a stated percentage of face value.

B.

Common stock has priority over preferred stock with regard to earnings and assets.

C.

Preferred dividends are usually cumulative.

D.

Preferred stock with no conversion feature has a higher dividend yield than does convertible preferred stock.

Multinational organizations generally spend more time and effort to identify and evaluate:

A.

Internal strengths and weaknesses.

B.

Break-even points.

C.

External trends and events.

D.

Internal risk factors.

Which of the following factors is most likely to lead to a lack of cohesiveness in a project team?

A.

Prestige

B.

Small size.

C.

Competition

D.

Common threat

Which of the following standards would be most useful in evaluating the performance of a customer-service group?

A.

The average time per customer inquiry should be kept to a minimum.

B.

Customer complaints should be processed promptly.

C.

Employees should maintain a positive attitude when dealing with customers.

D.

All customer inquiries should be answered within seven days of receipt.

For an engineering department with a total quality management program, important elements of quality management include all of the following except:

A.

Basing performance evaluations on the number of projects completed.

B.

Comparing results with those of other engineering departments.

C.

Creating a quality council within the engineering department.

D.

Conducting post-project surveys on performance.

Which of the following are typical responsibilities for operational management within a risk management program?

1. Implementing corrective actions to address process deficiencies.

2. Identifying shifts in the organization's risk management environment.

3. Providing guidance and training on risk management processes.

4. Assessing the impact of mitigation strategies and activities.

A.

1 and 2 only

B.

1 and 4 only

C.

2 and 3 only

D.

3 and 4 only

Which of the following statements about matrix organizations is false?

A.

In a matrix organization, conflict between functional and product managers may arise.

B.

In a matrix organization, staff under dual command is more likely to suffer stress at work.

C.

Matrix organizations offer the advantage of greater flexibility.

D.

Matrix organizations minimize costs and simplify communication.

Which mindset promotes the most comprehensive risk management strategy?

A.

Increase shareholder value.

B.

Maximize market share.

C.

Improve operational efficiency.

D.

Mitigate losses.

Which of the following is classified as a product cost using the variable costing method?

1. Direct labor costs

2. Insurance on a factory.

3. Manufacturing supplies.

4. Packaging and shipping costs

A.

1 and 2

B.

1 and 3

C.

2 and 4

D.

3 and 4

Which of the following is an example of a smart device security control intended to prevent unauthorized users from gaining access to a device's data or applications?

A.

Anti-malware software.

B.

Authentication.

C.

Spyware.

D.

Rooting.

Which of the following authentication controls combines what a user knows with the unique characteristics of the user respectively?

A.

Voice recognition and token.

B.

Password and fingerprint.

C.

Fingerprint and voice recognition

D.

Password and token