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NEW QUESTION: 1
There is no way to completely abolish or avoid risks, you can only manage them. A risk free environment does not exist. If you have risks that have been identified, understood and evaluated to be acceptable in order to conduct business operations. What is this this approach to risk management called?
A. Risk Mitigation
B. Risk Avoidance
C. Risk Transference
D. Risk Acceptance
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Risk Acceptance means the company understands the level of risk it is faced with, as well as the potential cost of damage, and decides to just live with it and not implement the countermeasure. Many companies will accept risk when the cost/benefit ratio indicates that the cost of the countermeasure outweighs the potential loss value.
Risk acceptance should be based on several factors. For example, is the potential loss lower than the countermeasure? Can the organization deal with the "pain" that will come with accepting this risk? This second consideration is not purely a cost decision, but may entail noncost issues surrounding the decision.
For example, if we accept this risk, we must add three more steps in our production process. Does that make sense for us? Or if we accept this risk, more security incidents may arise from it, and are we prepared to handle those?
Incorrect Answers:
B: Risk avoidance is where a company removes the risk. For example, by disabling a service or removing an application deemed to be a risk. This does not refer to the accepting of known risks.
C: Risk transference is where you assign the risk to someone else; for example, by purchasing insurance.
This would transfer the risk to the insurance company. This does not to the accepting of known risks.
D: Risk mitigation is to implement countermeasures to protect against the risk. This does not refer to the accepting of known risks.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, pp. 97-98

NEW QUESTION: 2
The device installation procedure is as follows: Prepare tools -> Install mounting ears -> Install floating nuts and guide rails based on site requirements -> Install the device in the cabinet.
A. TRUE
B. FALSE
Answer: A

NEW QUESTION: 3
Which Oracle Cloud Infrastructure service allows you to run code without provisioning any underlying infrastructure resources?
A. Storage Gateway
B. Oracle Container Engine for Kubernetes
C. Compute service
D. Oracle Functions
Answer: D