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Free CITP Exam Braindumps
Certified Information Technology Professional (CITP) Questions 96–100 (page: 21)

Updated On: 9-Feb-2026
Page 21 of 41
PDF with 200 Questions

Cost of risks includes all of the following, except:

  1. Cost of loss-prevention measures
  2. Cost of security controls
  3. Cost of losses sustained
  4. Insurance premiums

Answer(s): B



Tools used to identify risks include all of the following, except:

  1. Risk analysis questionnaire
  2. Flowchart of operations
  3. Audit workflow software
  4. Insurance policy checklist

Answer(s): C



IT risk evaluation involves:

  1. Ranking of the size and probability of potential loss
  2. Evaluation of the level of risk of a given process or function
  3. Ensuring that risk losses do not prevent organization management from meeting its objectives
  4. Retaining a portion of the risk to reduce the insurance or premium costs

Answer(s): A



Reasons for risk analysis are:

  1. Loss or corruption of information and IS assets
  2. Impaired and ineffective management decision making
  3. Disruption to customer service or other critical operations
  4. All of the above

Answer(s): D



Which of the following statements regarding the effect of insurance on risk is true?

  1. Prevents loss or damage to the organization
  2. Transfers risk of loss or damage to the insurance company
  3. Risks are not managed when insured
  4. None of the above

Answer(s): B



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