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NEW QUESTION: 1
SIMULATION
Notes:
NFS: NFS instructor.example.com:/var/ftp/pub/rhel6/dvd
YUM: http://instructor.example.com/pub/rhel6/dvd
ldap: http://instructor.example.com/pub/EXAMPLE-CA-CERT
Install dialog package.
Answer:
Explanation:
yum install dialog
NEW QUESTION: 2
In identifying the inherent fraud risks that could apply to the organization the fraud risk assessment team should discuss
A. Risks to the organization's reputation
B. The organization's incentive programs
C. The possibility of management override of controls
D. All of the above
Answer: D
NEW QUESTION: 3
Which of the following answers is the BEST example of Risk Transference?
A. Acceptance
B. Not hosting the services at all
C. Insurance
D. Results of Cost Benefit Analysis
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Once a company knows the amount of total and residual risk it is faced with, it must decide how to handle it. Risk can be dealt with in four basic ways: transfer it, avoid it, reduce it, or accept it.
Many types of insurance are available to companies to protect their assets. If a company decides the total risk is too high to gamble with, it can purchase insurance, which would transfer the risk to the insurance company.
Incorrect Answers:
B: Cost/benefit analysis is an assessment that is performed to ensure that the cost of protecting an asset does not outweigh the benefit of the protection or the value of the asset. It is not an example of risk transference.
C: Risk acceptance is when a company understands the level of risk it is faced with, as well as the potential cost of the risk but does not implement any countermeasure because cost of the countermeasure outweighs the potential loss value. This is determined by the Cost/benefit analysis. Acceptance is not an example of risk transference.
D: Risk avoidance is when a company decides not to implement and activity or to terminate and activity that is introducing the risk, and in so doing avoids the risk. Not hosting the services at all is not an example of risk transference; it is an example of risk avoidance.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, pp. 96-97, 97, 97-
98
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