A bank is aiming to comply with ISO/IEC 42005:2025, and is studying how to adopt the standard in light of a new AI customer service system that it would like to implement.
In addition to the risk management process the bank already has in place to assess the risks of any potential new systems, which of the following actions is the most effective in adopting the ISO/IEC 42005:2025 standard?

• A.Collecting information on the AI system ' s performance to document additional AI risks.
• B.Adding AI risks to the risk register and continuing to leverage the existing risk management process.
• C.Defining a standalone AI impact assessment procedure to supplement the existing risk management process.
• D.Instructing AI developers to perform an AI impact assessment before development in addition to the existing risk management process.

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What is the most important reason for requiring collaboration among cross-functional stakeholder teams during the AI development lifecycle?

• A.To minimize the involvement of third parties.
• B.To establish a user-centric design.
• C.To establish accountability
• D.To minimize potential liability to users.

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CASE STUDY
Please use the following to answer the next question:
You have recently assumed the role of AI Governance leader for a California-based medical technology company. The organization primarily serves hospitals and has recently expanded to include walk-in clinics located within local pharmacies.
The company's core business focuses on diagnostic assistance powered by a large language model LLM and back-office process optimization using Agentic AI, including chatbots, medical record request handling, scheduling and billing.
In preparation for its next round of funding, the board has asked you to prepare an AI Risk report to demonstrate to investors how the company is addressing AI-related risks. In preparing the report you learn that last year the company generated 30 million dollars in gross revenue across the US, EU, India, and South Korea and that vendors are engaged for various activities, including model testing and providing third-party AI solutions for chatbots.
Which of the following best exemplifies human oversight capabilities you should enable under the relevant AI laws?

• A.The tool requires a medical doctor to approve a diagnosis before the diagnosis is entered into the patient's medical record.
• B.The tool manual requires that all physicians are required to undergo specific training regarding how to interpret the AI's output, and understand its limitations.
• C.The agentic tool that helps schedule appointments and refill prescriptions leverages Retrieval-Augmented Generation RAG to confirm there are no medication contraindications before refilling.
• D.The company has established an AI governance team within each of its departments who are specifically required to evaluate the performance metrics, including anomalies, to ensure the AI tool is operating correctly.

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A company developed Al technology that can analyze text, video, images and sound to tag content, including the names of animals, humans and objects.
What type of Al is this technology classified as?

• A.Deductive inference.
• B.Multi-modal model.
• C.Transformative Al.
• D.Expert system.

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During the development of semi-autonomous vehicles, various failures occurred as a result of the sensors misinterpreting environmental surroundings, such as sunlight.
These failures are an example of?

• A.Hallucination.
• B.Brittleness.
• C.Uncertainty.
• D.Forgetting.

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