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Exam CRISC topic 1 question 163 discussion

Actual exam question from Isaca's CRISC
Question #: 163
Topic #: 1
[All CRISC Questions]

One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

  • A. Acceptance
  • B. Transference
  • C. Enhance
  • D. Mitigation
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
Force majeure describes acts of God (Natural disaster), such as tornados and fires, and are usually accepted because there's little than can be done to mitigate these risks.
Incorrect Answers:
B: Transference transfers the risk ownership to a third party, usually for a fee.
C: Enhance is used for a positive risk event, not for force majeure.
D: Mitigation isn't the best choice, as this lowers the probability and/or impact of the risk event.

Comments

Chosen Answer:
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brekatliz
Highly Voted 4 years, 2 months ago
What about casualty insurance? I think this could be transference as well.
upvoted 6 times
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AbHassan
Most Recent 2 months, 3 weeks ago
Selected Answer: B
Risk Transfer or sharing is the correct choice, in case the impact is high and the probability of occurrence is low, as companies goes for something like insurance to cover such risks.
upvoted 1 times
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JKCY
1 year, 5 months ago
I will vote for transference too
upvoted 1 times
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Ndy
1 year, 10 months ago
Point is that this is not part of the CRISC readings by ISAC..so why is it here?
upvoted 1 times
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Josh93
3 years, 7 months ago
Okay where is force majure anywhere in the study guide -_-
upvoted 3 times
FluffyMalware
3 years, 6 months ago
not in there. I very much share your pain Josh. I do I promise
upvoted 3 times
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kingsmann
3 years, 8 months ago
I will vote for Transference via insurance.
upvoted 4 times
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Rooks
4 years ago
Why not D, mitigation, as this lower the probability / Impact
upvoted 1 times
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Community vote distribution
A (35%)
C (25%)
B (20%)
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