Which of the following methods involves the use of predictive or diagnostic analytical tool for exposing risk factors?

• A.Scenario analysis
• B.Sensitivity analysis
• C.Fault tree analysis
• D.Cause and effect analysis

Correct Answer: D

Explanation/Reference:
Explanation:
Cause-and-effect analysis involves the use of predictive or diagnostic analytical tool for exploring the root causes or factors that contribute to positive or negative effects or outcomes. These tools also help in identifying potential risk.
Incorrect Answers:
A: This analysis is not a method for exposing risk factors. It is used for analyzing scenarios.
B: Sensitivity analysis is the quantitative risk analysis technique that:
Assist in determination of risk factors that have the most potential impact

Examines the extent to which the uncertainty of each element affects the object under consideration

when all other uncertain elements are held at their baseline values
C: Fault tree analysis (FIA) is a technique that provides a systematic description of the combination of possible occurrences in a system, which can result in an undesirable outcome. It combines hardware failures and human failures.

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Which of the following is MOST important to communicate to senior management during the initial implementation of a risk management program?

• A.Risk ownership
• B.Best practices
• C.Desired risk level
• D.Regulatory compliance

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Which of the following approaches BEST identifies information systems control deficiencies?

• A.Best practice assessment
• B.Countermeasures analysis
• C.Risk assessment
• D.Gap analysis

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Which of The following would offer the MOST insight with regard to an organization's risk culture?

• A.Senior management interviews
• B.Risk management framework
• C.Risk management procedures
• D.Benchmark analyses

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The annualized loss expectancy (ALE) method of risk analysis:

• A.uses qualitative risk rankings such as low. medium and high.
• B.can be used m a cost-benefit analysts
• C.helps in calculating the expected cost of controls
• D.can be used to determine the indirect business impact.

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