What is the primary purpose of knowing the monetary value of an asset in quantitative risk assessment?
Risk Management 101 for IT Professionals Essential Concepts - Quantitative Risk Assessments

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Information Technology (IT), Architecture, Business
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To calculate the asset's depreciation rate
To assess the asset's historical significance
To determine the asset's market demand
To evaluate the impact of risk on the asset's value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Single Loss Expectancy (SLE) calculated?
Exposure factor multiplied by annual rate of occurrence
Annual rate of occurrence divided by asset value
Asset value multiplied by exposure factor
Asset value divided by exposure factor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Annual Rate of Occurrence (ARO) represent?
The frequency of a threat occurring in a year
The cost of risk mitigation strategies
The total number of assets at risk
The percentage of asset value lost annually
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might organizations prefer qualitative risk assessments over quantitative ones?
Qualitative assessments are more precise
Qualitative assessments are less subjective
Quantitative assessments require specific data that may be hard to obtain
Quantitative assessments are more time-consuming
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the given scenario, what is the estimated cost of damage if an earthquake occurs?
$25,000
$250,000
$125,000
$500,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annualized loss expectancy (ALE) in the earthquake scenario?
$12,500
$25,000
$50,000
$125,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a company choose to purchase insurance even if the premium is higher than the ALE?
To comply with legal requirements
To ensure they have funds available in case of a loss
To increase their asset value
To reduce their tax liability
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