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Exam IIA-CIA-Part1 topic 6 question 338 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 338
Topic #: 6
[All IIA-CIA-Part1 Questions]

Due to extreme liquid fuel price fluctuations, management decided to designate a specific price below which liquid fuel shall not be sold to customers, but instead shall be pumped into storage tanks. Which of the following risk responses has management selected?

  • A. Risk reduction.
  • B. Risk transfer.
  • C. Risk acceptance.
  • D. Risk avoidance.
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Suggested Answer: C 🗳️
by f30b972 at Aug. 16, 2024, 7:17 p.m.

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Kozy
3 weeks, 5 days ago
Selected Answer: A
Risk avoidance would mean stopping the sale of liquid fuel entirely to eliminate price fluctuation risk. In this case, they still sell fuel when prices exceed the set threshold — they’re actively participating in the market under controlled conditions.
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83b5204
9 months, 2 weeks ago
For me, I think it is A
upvoted 2 times
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Elvoo
11 months, 1 week ago
Selected Answer: D
Shouldn't the answer be B?
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Elvoo
11 months, 1 week ago
sorry I meant D
upvoted 1 times
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C (25%)
B (20%)
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