exam questions

Exam CRISC All Questions

View all questions & answers for the CRISC exam

Exam CRISC topic 1 question 1250 discussion

Actual exam question from Isaca's CRISC
Question #: 1250
Topic #: 1
[All CRISC Questions]

When classifying and prioritizing risk responses, the areas to address FIRST are those with:

  • A. low cost effectiveness ratios and low risk levels.
  • B. high cost effectiveness ratios and low risk levels.
  • C. low cost effectiveness ratios and high risk levels.
  • D. high cost effectiveness ratios and high risk levels.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
CbtL
11 months, 3 weeks ago
Selected Answer: D
If it is highly cost effective that does not make it "high cost", it means it is a good choice based on cost. So high cost effectiveness coupled with high risk would be the optimal choice here. D is what I would go with.
upvoted 1 times
CbtL
11 months, 3 weeks ago
totally missed the word "ratio" on this one - ugh...high cost effective ratio = greater cost with greater effectiveness. my bad.
upvoted 1 times
...
...
Koulyo
1 year ago
the low hanging fruits principle goes with D.
upvoted 3 times
...
john_boogieman
1 year, 1 month ago
Selected Answer: D
Change response, reason: There is another similar question in the BBDD that talks about 'not prioritizing' the less effective responses. However, in this case it talks about which one to address FIRST. It would be more logical to prioritize the responses that are more effective and have high cost effectiveness ratios, especially if both have high risk levels. It's important to consider both the potential impact of the risk and the cost-effectiveness of the proposed response when classifying and prioritizing risk responses. By prioritizing the most effective responses with high cost effectiveness ratios, the organization can maximize the use of its resources and reduce the potential impact of the risk.
upvoted 2 times
...
john_boogieman
1 year, 2 months ago
Selected Answer: C
The areas to address FIRST when classifying and prioritizing risk responses are those with high risk levels and low cost effectiveness ratios. Risk responses can be classified and prioritized based on the potential impact of the risk and the cost-effectiveness of the proposed response. High-risk levels imply a greater likelihood of the risk occurring and a higher potential impact if it does occur. Low cost-effectiveness ratios indicate that the proposed response would be less efficient or less effective in mitigating the risk compared to other potential responses. Addressing high-risk areas first is important because these risks have the potential to cause significant damage to the organization. In addition, addressing low-cost effectiveness areas first can help to ensure that resources are allocated efficiently and that the most effective responses are implemented. Therefore, when classifying and prioritizing risk responses, the areas to address FIRST are those with high risk levels and low cost effectiveness ratios.
upvoted 3 times
Chachacha12
5 months, 3 weeks ago
This is the correct interpretation. I used chatgpt to define cost effectiveness rations
upvoted 1 times
...
...
Suchib
1 year, 3 months ago
Go with C, as risk is high and cost is low.
upvoted 1 times
CbtL
11 months, 3 weeks ago
Low cost effectiveness is a bad thing, not a low cost thing.
upvoted 1 times
...
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
Loading ...
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago