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Question ID 16951	In assessing risk, it is MOST essential to:
Option A	provide equal coverage for all asset types.
Option B	use benchmarking data from similar organizations.
Option C	consider both monetary value and likelihood of loss.
Option D	focus primarily on threats and recent business losses.
Correct Answer	C

Explanation Explanation: A risk analysis should take into account the potential financial impact and likelihood of a loss. It should not weigh all potential losses evenly, nor should it focus primarily on recent losses or losses experienced by similar firms. Although this is important supplementary information, it does not reflect the organization's real situation. Geography and other factors come into play as well.

Question ID 16952	An organization has decided to implement additional security controls to treat the risks of a new process. This is an example of:
Option A	eliminating the risk.
Option B	transferring the risk.
Option C	mitigating the risk.
Option D	accepting the risk.
Correct Answer	C

Explanation Explanation: Risk can never be eliminated entirely. Transferring the risk gives it away such as buying insurance so the insurance company can take the risk. Implementing additional controls is an example of mitigating risk. Doing nothing to mitigate the risk would be an example of accepting risk.

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