Chapter 7 Key Terms in Risk Management Quiz
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Questions and Answers

What is the annualized loss expectancy (ALE) in a cost-benefit analysis?

  • The product of the annualized rate of occurrence and single loss expectancy (correct)
  • The quotient of the annualized rate of occurrence and single loss expectancy
  • The difference of the annualized rate of occurrence and single loss expectancy
  • The sum of the annualized rate of occurrence and single loss expectancy

    • What does asset valuation involve?

  • Determining the operational feasibility of each information asset
  • Assigning financial value to each information asset (correct)
  • Estimating the potential loss of each information asset
  • Assigning qualitative value to each information asset

    • What does the avoidance strategy refer to in risk treatment?

  • See defense risk treatment strategy (correct)
  • A strategy of transferring all risks to a third party
  • A strategy of avoiding any risk treatment
  • A strategy of eliminating all potential risks

    • What is the annualized rate of occurrence (ARO) in a cost-benefit analysis?

    <p>The expected frequency of an attack, expressed on a per-year basis</p> Signup and view all the answers

    What is cost avoidance related to in risk treatment?

    <p>The financial savings from using the defense risk treatment strategy to implement a control</p> Signup and view all the answers

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