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Exam CRISC topic 1 question 163 discussion

Actual exam question from Isaca's CRISC
Question #: 163
Topic #: 1
[All CRISC Questions]

One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

  • A. Acceptance
  • B. Transference
  • C. Enhance
  • D. Mitigation
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
Force majeure describes acts of God (Natural disaster), such as tornados and fires, and are usually accepted because there's little than can be done to mitigate these risks.
Incorrect Answers:
B: Transference transfers the risk ownership to a third party, usually for a fee.
C: Enhance is used for a positive risk event, not for force majeure.
D: Mitigation isn't the best choice, as this lowers the probability and/or impact of the risk event.

Comments

Chosen Answer:
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brekatliz
Highly Voted 3 years, 7 months ago
What about casualty insurance? I think this could be transference as well.
upvoted 6 times
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JKCY
Most Recent 10 months, 3 weeks ago
I will vote for transference too
upvoted 1 times
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Ndy
1 year, 3 months ago
Point is that this is not part of the CRISC readings by ISAC..so why is it here?
upvoted 1 times
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Josh93
3 years ago
Okay where is force majure anywhere in the study guide -_-
upvoted 3 times
FluffyMalware
2 years, 11 months ago
not in there. I very much share your pain Josh. I do I promise
upvoted 3 times
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kingsmann
3 years ago
I will vote for Transference via insurance.
upvoted 4 times
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Rooks
3 years, 5 months ago
Why not D, mitigation, as this lower the probability / Impact
upvoted 1 times
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Community vote distribution
A (35%)
C (25%)
B (20%)
Other
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