John is the owner of a small construction company who recently signed a contract for a new project. The contract includes a clause stating that his company will be responsible for any damages that occur during the construction process. As a result, John has decided to purchase insurance that will cover the cost of any damage that might occur during the construction process. Which risk management strategy is John using?

Capítulo 9 - Curso

Quiz
•
Information Technology (IT)
•
Professional Development
•
Easy
Igor Pires
Used 2+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk Acceptance
Risk Avoidance
Risk Transference
Risk Mitigation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are managing a company's IT infrastructure. One of your servers, valued at $20,000, has an Exposure Factor (EF) of 60% in the event of a crash. The server crashes once every five years.
What is the Annualized Loss Expectancy (ALE) for this server?
$2,400
$4,000
$6,000
$12,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Solarflare, an energy company, has identified a risk that, if it occurs, could halt their production line. They have determined that they can tolerate a disruption of up to 3 hours before it severely impacts their operations. Which of the following metrics does this scenario represent?
Mean Time Between Failures (MTBF)
Recovery Point Objective (RPO)
Recovery Time Objective (RTO)
Mean Time to Repair (MTTR)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'Risk Appetite' refer to?
The risk an organization is prepared to accept without taking any countermeasures
The amount of residual risk an organization is willing to accept
The steps taken to reduce the impact or likelihood of a risk
The risk that remains after mitigation has taken place
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are managing a construction project and have identified a potential risk which could delay the delivery of critical materials. The likelihood of this risk is high and the impact is also high. What would be an appropriate mitigation strategy based on Qualitative Risk Analysis?
Ignore the risk
Stop the project
Secure multiple vendors
Increase the project budget
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