110. Risk Management

Why is risk management important for organizations?

• To reduce product prices

• To hire more employees

• To identify and address potential risks

• To increase profits

What is a one-time risk assessment typically related to?

• Customer feedback

• Specific projects or changes

• Daily operations

• Employee performance

What does 'ad hoc' mean in the context of risk assessments?

• For daily tasks

• For future use

• For this purpose only

• For all purposes

How often might some organizations perform scheduled risk assessments?

• Every day

• Never

• Every 3, 6, or 12 months

• Every 5 years

What might require an organization to perform an annual risk assessment?

• Customer complaints

• Employee requests

• Competitor actions

• Payment Card Industry Data Security Standard (PCI DSS)