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CRISC Test Bank 2 Practice Questions and Answers (100% Pass)
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CRISC Test Bank 2 Practice Questions and Answers (100% Pass) Q1 Which of the following is true for Single loss expectancy (SLE), Annual rate of occurrence (ARO), and Annual loss expectancy (ALE)? A. ALE= ARO/SLE B. ARO= SLE/ALE C. ARO= ALE*SLE D. ALE= ARO*SLE - Answer️️ -Correct Answerr:...

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  • August 18, 2024
  • 434
  • 2024/2025
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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



CRISC Test Bank 2 Practice Questions and Answers (100% Pass)


Q1

Which of the following is true for Single loss expectancy (SLE), Annual rate of

occurrence (ARO), and Annual loss expectancy (ALE)?




A. ALE= ARO/SLE

B. ARO= SLE/ALE

C. ARO= ALE*SLE


D. ALE= ARO*SLE - Answer✔️✔️-Correct Answerr: D


Section: Volume A

Explanation




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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




A quantitative risk assessment quantifies risk in terms of numbers such as dollar

values. This involves gathering data and then entering it into standard formulas.

The results can help in identifying the priority of risks. These results are also used

to determine the effectiveness of controls. Some of the terms associated with

quantitative risk assessments are:

Single loss expectancy (SLE)-It refers to the total loss expected from a single

incident. This incident can occur when vulnerability is being exploited by threat.




The loss is expressed as a dollar value such as $1,000. It includes the value of data,

software, and hardware. SLE = Asset value * Exposure factor Annual rate of

occurrence (ARO)-It refers to the number of times expected for an incident to

occur in a year. If an incident occurred twice a month in the past




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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


year, the ARO is 24. Assuming nothing changes, it is likely that it will occur 24

times next year. Annual loss expectancy (ALE)-It is the expected loss for a year.

ALE is calculated by multiplying SLE with ARO. Because SLE is a given in a

dollar value, ALE is also given in a dollar value. For example, if the SLE is $1,000

and the ARO is 24, the ALE is $24,000.

ALE = SLE * ARO Safeguard value-This is the cost of a control. Controls are used

to mitigate risk. For example, antivirus software of an average cost of $50 for




each computer. If there are 50 computers, the safeguard value is $2,500. A, B, C:

These are wrong formulas and are not used in quantitative risk assessment.

Q2

Which of the following statements are true for enterprise's risk management

capability maturity level 3?




A. Workflow tools are used to accelerate risk issues and track decisions




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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




B. The business knows how IT fits in the enterprise risk universe and the risk

portfolio view

C. The enterprise formally requires continuous improvement of risk management

skills, based on clearly defined personal and enterprise goals

D. Risk management is viewed as a business issue, and both the drawbacks and

benefits of risk are recognized - Answer✔️✔️-Correct Answerr: ABD


Section: Volume A

Explanation




An enterprise's risk management capability maturity level is 3 when:

Risk management is viewed as a business issue, and both the drawbacks and

benefits of risk are recognized.




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