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Exam CRISC topic 1 question 72 discussion

Actual exam question from Isaca's CRISC
Question #: 72
Topic #: 1
[All CRISC Questions]

Out of several risk responses, which of the following risk responses is used for negative risk events?

  • A. Share
  • B. Enhance
  • C. Exploit
  • D. Accept
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Suggested Answer: D 🗳️
Among the given choices only Acceptance response is used for negative risk events. Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs. If an enterprise adopts a risk acceptance, it should carefully consider who can accept the risk. Risk should be accepted only by senior management in relationship with senior management and the board. There are two alternatives to the acceptance strategy, passive and active.
✑ Passive acceptance means that enterprise has made no plan to avoid or mitigate the risk but willing to accept the consequences of the risk.
Active acceptance is the second strategy and might include developing contingency plans and reserves to deal with risks.

Incorrect Answers:
A, B, C: These all are used to deal with opportunities or positive risks, and not with negative risks.
by Guest4768 at June 22, 2020, 11:06 p.m.

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ARAMiS
Highly Voted 12 months ago
D is the only correct answer The five basic strategies to deal with negative risks or threats are Escalate, Avoid, Transfer, Mitigate and Accept
upvoted 5 times
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Prashil
Most Recent 1 year, 1 month ago
My initial answer was A as well. After some reading on https://pmstudycircle.com/2015/04/risk-response-strategies-for-negative-risks-or-threats/ .. i would go with D.
upvoted 2 times
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Shaws1
1 year, 3 months ago
A is the correct answer, if it is a positive risk we accept it too
upvoted 1 times
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Guest4768
1 year, 11 months ago
A. Share also should be used with negative risks.
upvoted 3 times
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C (25%)
B (20%)
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