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NEW QUESTION: 1
Which of the following statements are essential to understanding the theory of constraints?
I. The system, similar to a chain, is only as strong as its weakest link.
II. Not much improvement can occur until the weakest link is addressed.
III. Success or failure is dictated by the interaction of the process with the system.
IV.
Once the weakest link is fixed, the system requires no further improvement.
A. I, II, and III only
B. I and II only
C. I, II, and IV only
D. I, II, III, and IV
Answer: A

NEW QUESTION: 2
Assessing IT risks is BEST achieved by:
A. reviewing IT control weaknesses identified in audit reports.
B. evaluating threats associated with existing IT assets and IT projects.
C. reviewing published loss statistics from comparable organizations.
D. using the firm's past actual loss experience to determine current exposure.
Answer: B
Explanation:
To assess IT risks, threats and vulnerabilities need to be evaluated using qualitative or quantitative risk assessment approaches. Choices B, C and D are potentially useful inputs to the risk assessment process, but by themselves are not sufficient.Basing an assessment on past losses will not adequately reflect inevitable changes to the firm's IT assets, projects, controls and strategic environment. There are also likely to be problems with the scope and quality of the loss data available to beassessed . Comparable organizations will have differences in their IT assets, control environment and strategic circumstances. Therefore, their loss experience cannot be used to directly assess organizational IT risk. Control weaknesses identified during audits will be relevant in assessing threat exposure and further analysis may be needed to assess threat probability. Depending on the scope of the audit coverage, it is possible that not all of the critical IT assets and projects will have recently been audited, and there may not be a sufficient assessment of strategic IT risks.

NEW QUESTION: 3

A. 60 seconds
B. 180 seconds
C. 30 seconds
D. 240 seconds
Answer: D