What do the terms frequent occasional seldom and unlikely describe in the risk assessment matrix?

What do the terms frequent occasional seldom and unlikely describe in the risk assessment matrix?
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Level of probability of an adverse event occurring
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All of the following are true regarding the Qualitative Risk Analysis process except which one? A. Probability and impact and expert interview are used to help correct biases that occC. Qualitative Risk Analysis is an easy method of determining risk probability and impact that usually takes a good deal of time to perform. D. Risk urgency assessment is a tool and technique of this process used to determine which risks need near-term response plans.ur in the data you’ve gathered during this process. B. The probability and impact matrix is used during this process to assign red, yellow, and green conditions to risks.

Description : All of the following are true regarding the Qualitative Risk Analysis process except  which one?  A. Probability and impact and expert interview are used to help correct biases that occur  in the data ... of this process used to determine  which risks need near-term response plans.

Last Answer : C. Qualitative Risk Analysis is an easy method of determining risk probability and  impact that usually takes a good deal of time to perform.

In a lively classroom situation, there is likely to be (A) occasional roars of laughter (B) complete silence (C) frequent teacher-student dialogue (D) loud discussion among students

Description : In a lively classroom situation, there is likely to be (A) occasional roars of laughter (B) complete silence (C) frequent teacher-student dialogue (D) loud discussion among students

Last Answer : (C) frequent teacher-student dialogue

In simple terms, what does risk assessment ask? a. What can go wrong? b. How likely is it to go wrong? c. What are the possible consequences if it does go wrong? d. All of the above

Description : In simple terms, what does risk assessment ask? a. What can go wrong? b. How likely is it to go wrong? c. What are the possible consequences if it does go wrong? d. All of the above

Last Answer : d. All of the above

A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor’s responsibilities. c. allocate risk management response activities to project personnel. d. allocate work packages to those responsible for project work.

Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. c ... response activities to project personnel. d. allocate work packages to those responsible for project work.

Last Answer : d. allocate work packages to those responsible for project work.

A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor’s responsibilities. c. allocate risk management response activities to project personnel. d. allocate work packages to those responsible for project work.

Description : A Responsibility Assignment Matrix (RAM) can be used to:  a. define the terms of reference of the project manager.  b. define the limits of the project sponsor's responsibilities.  ... response activities to project personnel.  d. allocate work packages to those responsible for project work.

Last Answer : d. allocate work packages to those responsible for project work.

What is 3rd Party Risk Assessment?

Description : What is 3rd Party Risk Assessment?

Last Answer : Is third-party risk assessments crucial part of every third-party risk management program?

A major problem in nutritional support is identifying patients at risk. Recent studies suggest that these patients can be identified. Which of the following findings identify the patient at risk? A. Weight loss of greater than 10% over 2 to 4 months. B. Serum albumin of less than 3 gm. per 100 ml. in the hydrated state. C. Malnutrition as identified by global assessment. D. Serum transferrin of less than 220 mg. per 100 ml. E. Functional impairment by history.

Description : A major problem in nutritional support is identifying patients at risk. Recent studies suggest that these patients can be identified. Which of the following findings identify the patient at risk? A. Weight ... transferrin of less than 220 mg. per 100 ml. E. Functional impairment by history.

Last Answer : Answer: ABCDE DISCUSSION: All of these are at least partially correct. It is not clear whether weight loss of 10% or 15% is the required threshold, but it certainly is close. Serum ... the hands of an experienced observer is quite a reasonable way of approaching and identifying patients at risk

Following is (are) the component(s) of risk management (A)Risk Assessment (B)Risk Control (C)Risk Ranking (D)All of the above

Description : Following is (are) the component(s) of risk management (A)Risk Assessment (B)Risk Control (C)Risk Ranking (D)All of the above

Last Answer : (D)All of the above

A risk is defined as what might happened to the ____________ of the project 1. assessment 2. detriment 3. schedule 4. cost 5. scope

Description : A risk is defined as what might happened to the ____________ of the project 1. assessment  2. detriment  3. schedule  4. cost  5. scope

Last Answer : 2. detriment

What is risk assessment?

Description : What is risk assessment?

Last Answer : Risk assessment includes accident scenario identification and consequence analysis. Scenario identification describes how an accident occurs. It frequently includes an analysis of the probabilities. Consequence analysis ... of life, damage to the environment or capital equipments and day's outage. 

What is Health Risk assessment (HRA) ?

Description : What is Health Risk assessment (HRA) ?

Last Answer :  HRA -Health Risk Assessment  HRA is a process to identify evaluates and control health risk at workplace. Controlling health risk at work.  Identify health hazard & their harmful ... irritation use of PPE awareness  H2S - Inhalation -noise unconsciousness- possible-fatality

What is a risk assessment?

Description : What is a risk assessment?

Last Answer : Risk assessment is a method of estimating the rate of risk of an activity, by classifying actual and potential consequences and finding out mitigating actions to limit that risk. 

Which of the following represents a procedure that the auditor may use because plausible relationships among financial statement balances are expected to exist? a. Attributes testing b. Enterprise risk assessment c. Inherent tests of control d. Analytical review

Description : Which of the following represents a procedure that the auditor may use because plausible relationships among financial statement balances are expected to exist? a. Attributes testing b. Enterprise risk assessment c. Inherent tests of control d. Analytical review

Last Answer : Analytical review

Which of the following should the auditors normally interview as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties financial reporting responsibilities d. All of the given choices

Description : Which of the following should the auditors normally interview as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties financial reporting responsibilities d. All of the given choices

Last Answer : All of the given choices

In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Description : In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Last Answer : The preparation of a budget identifying the costs of resources needed

Auditors would normally interview all but which of the following individuals as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties do not include normal financial reporting responsibilities d. All of the above

Description : Auditors would normally interview all but which of the following individuals as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties do not include normal financial reporting responsibilities d. All of the above

Last Answer : All of the above

Which of the following conditions identified during fieldwork of an audit is most likely to affect the auditor’s assessment of the risk of misstatement due to fraud? a. Year-end adjusting journal entries. b. Checks for significant amounts outstanding at year-end. c. Missing documents. d. Computer generated documents

Description : Which of the following conditions identified during fieldwork of an audit is most likely to affect the auditor's assessment of the risk of misstatement due to fraud? a. Year-end adjusting ... for significant amounts outstanding at year-end. c. Missing documents. d. Computer generated documents

Last Answer : Missing documents

Which of the following is most likely to be a response to the auditor's assessment that the risk of material misstatement due to fraud for the existence of inventory is high? a. Observe test counts of inventory at certain locations on an unannounced basis. b. Perform analytical procedures rather than taking test counts. c. Request that inventories be counted prior to year end. d. Request that inventory counts at the various locations be counted on different dates so as to allow the same auditor to be present at every count

Description : Which of the following is most likely to be a response to the auditor's assessment that the risk of material misstatement due to fraud for the existence of inventory is high? a. Observe test counts ... be counted on different dates so as to allow the same auditor to be present at every count

Last Answer : Observe test counts of inventory at certain locations on an unannounced basis.

Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. b. Analytical procedures used as risk assessment procedures use data aggregated at a high level. c. Analytical procedures can replace tests of controls in gathering audit evidence to support the assessed level of control risk. d. Analytical procedures usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Description : Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. ... usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Last Answer : Analytical procedures used as risk assessment procedures use data aggregated at a high level.

Which of the following should be included in the audit plan? I. The nature, timing and extent of planned risk assessment procedures. II. The nature, timing and extent of planned further audit procedures at the assertion level. a. I only b. II only c. Both I and II d. Neither I nor II

Description : Which of the following should be included in the audit plan? I. The nature, timing and extent of planned risk assessment procedures. II. The nature, timing and extent of planned further audit procedures at the assertion level. a. I only b. II only c. Both I and II d. Neither I nor II

Last Answer : Both I and II

In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These procedures are called a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Description : In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These ... a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Last Answer : Risk assessment procedures

Risk assessment procedures include the following, except a. Analytical procedures. b. Confirmation of accounts receivablec. Observation and inspection.d. Inquiries of management

Description : Risk assessment procedures include the following, except a. Analytical procedures. b. Confirmation of accounts receivable c. Observation and inspection. d. Inquiries of management

Last Answer : Confirmation of accounts receivable

An engagement quality control review is required to be performed: a. Immediately after the re-assessment of control risk. b. At engagement completion after the report is issued. c. For all audits of financial statements of listed entitiesd. For all types of audits, regardless of the subject matter of the engagement..

Description : An engagement quality control review is required to be performed: a. Immediately after the re-assessment of control risk. b. At engagement completion after the report is issued. c. For all audits of ... listed entities. d. For all types of audits, regardless of the subject matter of the engagement.

Last Answer : For all audits of financial statements of listed entities

Which of the following is not an assurance engagement? a. Risk Assessment Service b. Information System Reliability Service c. Business Performance Measurement d. Management Consulting Service

Description : Which of the following is not an assurance engagement? a. Risk Assessment Service b. Information System Reliability Service c. Business Performance Measurement d. Management Consulting Service

Last Answer : Management Consulting Service

What are the roles of NGOs in disaster related preparedness stage? a. Public awareness and education b. Vulnerability and risk assessment c. Forming and training DNTs, introducing alternative technologies d. All of the above

Description : What are the roles of NGOs in disaster related preparedness stage? a. Public awareness and education b. Vulnerability and risk assessment c. Forming and training DNTs, introducing alternative technologies d. All of the above

Last Answer : d. All of the above

Environmental impact assessment includes (a) Environmental statement (b) Environmental management plan (c) Risk and hazard assessment and mitigation (d) All of the above

Description : Environmental impact assessment includes (a) Environmental statement (b) Environmental management plan (c) Risk and hazard assessment and mitigation (d) All of the above

Last Answer : (d) All of the above

What are the three activities of risk assessment?

Description : What are the three activities of risk assessment?

Last Answer : Ans: The three activities are identifying, analyzing and giving priorities. Risks can be identified by a check list or looking at previously identified risks. Risk analysis involves examining how ... with modification of risk input variables. Risk prioritization helps in focus on most severe risks.

What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets? a. Risk management b. Risk assessment c. Security d. None of the above

Description : What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets? a. Risk management b. Risk assessment c. Security d. None of the above

Last Answer : b. Risk assessment

What consists of the identification of risks or threats, the implementation of security measures, and the monitoring of those measures for effectiveness? a. Risk management b. Risk assessment c. Security d. None of the above

Description : What consists of the identification of risks or threats, the implementation of security measures, and the monitoring of those measures for effectiveness? a. Risk management b. Risk assessment c. Security d. None of the above

Last Answer : a. Risk management

Software safety is a ................... activity that focuses on the identification and assessment of potential hazards that may affect software negatively and cause an entire system to fail. (A) Risk mitigation, monitoring and management (B) Software quality assurance (C) Software cost estimation (D) Defect removal efficiency

Description : Software safety is a ................... activity that focuses on the identification and assessment of potential hazards that may affect software negatively and cause an entire ... monitoring and management (B) Software quality assurance (C) Software cost estimation (D) Defect removal efficiency

Last Answer : (B) Software quality assurance

The risk of fraudulent financial reporting increases in the presence of a. Substantial increases in sales. b. Incentive systems based on operating income. c. Improved control systems. d. Frequent changes in suppliers.

Description : The risk of fraudulent financial reporting increases in the presence of a. Substantial increases in sales. b. Incentive systems based on operating income. c. Improved control systems. d. Frequent changes in suppliers.

Last Answer : Incentive systems based on operating income.

What is the most frequent internal motive for a strategic alliance? a) Resource need b) Risk limitationc) Cost minimizationd) Current poor performance

Description : What is the most frequent internal motive for a strategic alliance? a) Resource need b) Risk limitation c) Cost minimization d) Current poor performance

Last Answer : Resource need

The selective serotonin reuptake inhibitors have overcome the following limitation(s) of typical tricyclic antidepressants: A. Frequent anticholinergic, sedative and hypotensive side effects B. High risk of cardiac arrhythmias and seizures in overdose C. Delayed response

Description : The selective serotonin reuptake inhibitors have overcome the following limitation(s) of typical tricyclic antidepressants: A. Frequent anticholinergic, sedative and hypotensive side effects B. High risk of cardiac arrhythmias and seizures in overdose C. Delayed response

Last Answer : D. It does not block neuronal uptake of biogenic amines

Which of the following terms refers to weakness of both legs and the lower part of the trunk? a) Paraparesis Paraparesis is a frequent manifestation of degenerative neurologic disorders.

Description : Which of the following terms refers to weakness of both legs and the lower part of the trunk? a) Paraparesis Paraparesis is a frequent manifestation of degenerative neurologic disorders. b) ... four extremities. d) Paraplegia Paraplegia refers to paralysis of both legs and the lower trunk.

Last Answer : a) Paraparesis Paraparesis is a frequent manifestation of degenerative neurologic disorders.

Why are crimes of identity theft seldom, if ever, pursued by law enforcement?

Description : Why are crimes of identity theft seldom, if ever, pursued by law enforcement?

Last Answer : Rick was hit with identity theft. What a mess.

How do you keep your seldom used equipment in proper running order?

Description : How do you keep your seldom used equipment in proper running order?

Last Answer : PM – Preventive maintenance. When something breaks, fix it. If you find something that is about to break or fail, fix it.

When was the last time that you used something that's based on an older technology, or a now seldom or no-longer used service?

Description : When was the last time that you used something that's based on an older technology, or a now seldom or no-longer used service?

Last Answer : The last time I used a VCR was about two weeks ago – in conjunction with a transfer device so I could create digital versions of my old tapes. ;-)

What are some advantages seldom noticed that women in American society have that men do not?

Description : What are some advantages seldom noticed that women in American society have that men do not?

Last Answer : They get to read instructions without having their manhood questioned by doing so.

What are some advantages seldom noticed that men in American society have that women do not?

Description : What are some advantages seldom noticed that men in American society have that women do not?

Last Answer : Boys, as children, are given much more leeway to be physically active than girls are. They are not told to “sit still”.

My first is found on the ocean wave, In the spring, the pit, and the mine; My second below earth’s surface you have, Where seldom the sun can shine. My whole your dinner-table must grace, And seldom fails to obtain a place.What am I? -Riddles

Description : My first is found on the ocean wave, In the spring, the pit, and the mine; My second below earth’s surface you have, Where seldom the sun can shine. My whole your dinner-table must grace, And seldom fails to obtain a place.What am I? -Riddles

Last Answer : Salt-cellar.

Often held but never touched, always wet but never rusts, often bites but seldom bit, to use me well you must have wit.What am I? -Riddles

Description : Often held but never touched, always wet but never rusts, often bites but seldom bit, to use me well you must have wit.What am I? -Riddles

Last Answer : Your tongue.

I make you weak at the worst of all times. I keep you safe, I keep you fine. I make your hands sweat, and your heart grow cold, I visit the weak, but seldom the bold. What am I? -Riddles

Description : I make you weak at the worst of all times. I keep you safe, I keep you fine. I make your hands sweat, and your heart grow cold, I visit the weak, but seldom the bold. What am I? -Riddles

Last Answer : Your fears.

Read my riddle, I pray. What God never sees, what the king seldom sees, and what we see every day. What is it? -Riddles

Description : Read my riddle, I pray. What God never sees, what the king seldom sees, and what we see every day. What is it? -Riddles

Last Answer : An equal.

in a capitalist economy, organizations seldom reorganize due to changing markets. -General Knowledge

Description : in a capitalist economy, organizations seldom reorganize due to changing markets. -General Knowledge

Last Answer : The given statement is false.

The following statement(s) is/are true concerning host defense mechanisms to intraabdominal infection. a. Bacterial clearance can occur via translymphatic absorption b. Phagocytic activity and bacterial killing can occur via resident phagocytic cells and an influx of PMNs c. A fibrinogen-rich inflammatory exudate is released into the peritoneal cavity, trapping large numbers of bacteria and other particulate matter d. Perforations of a bowel may be walled off but are seldom sealed by the omentum and other mobile viscera

Description : The following statement(s) is/are true concerning host defense mechanisms to intraabdominal infection. a. Bacterial clearance can occur via translymphatic absorption b. Phagocytic activity and bacterial killing can ... may be walled off but are seldom sealed by the omentum and other mobile viscera

Last Answer : Answer: a, b, c The introduction of microorganisms into the normally sterile peritoneal environment invoke several potent specialized host antimicrobial defense mechanisms. Bacterial clearance, ... the contaminated enteric contents walled off, preventing continued soilage of the peritoneal cavity

A striking feature of living cells is a marked difference between the composition of the cytosol and the extracellular milieu. Which of the following statement(s) concerning the mechanisms of maintenance of these differences is/are true? a. The cell membrane is able to maintain a 10,000 fold gradient between the extracellular concentration of ionized calcium and the intracellular concentration b. The key to these differences is the fact that the plasma membrane is normally impermeable to sodium, potassium and calcium c. The selectivity of biologic membranes is highly consistent and seldom changes d. The selectivity of cell membranes relates only to ions and not organic compounds

Description : A striking feature of living cells is a marked difference between the composition of the cytosol and the extracellular milieu. Which of the following statement(s) concerning the mechanisms of maintenance ... d. The selectivity of cell membranes relates only to ions and not organic compounds

Last Answer : Answer: a The survival of the cell requires that cytosolic composition be maintained within narrow limits, despite the constant influx of nutrients and the simultaneous outflow of waste. A ... be altered drastically as a result of regulatory or signaling processes that occur within the cell

Motor controllers are seldom troubled by grounds because ________________. A. cabinet heaters always keep internal components dry B. special insulation is used on wire for vital circuits C. shock mounts on controller panels greatly reduce vibration D. contactors and relays are mounted on nonconducting panels

Description : Motor controllers are seldom troubled by grounds because ________________. A. cabinet heaters always keep internal components dry B. special insulation is used on wire for vital circuits C. ... on controller panels greatly reduce vibration D. contactors and relays are mounted on nonconducting panels

Last Answer : Answer: D

Motor controllers are seldom troubled with grounds because _____________. A. the auxiliary contacts have a high resistance connection B. the contactors and relays are mounted on a nonconducting panel C. the resistor banks are composed of individual series-connected units D. there are separate switches for the motor and the control

Description : Motor controllers are seldom troubled with grounds because _____________. A. the auxiliary contacts have a high resistance connection B. the contactors and relays are mounted on a nonconducting panel ... individual series-connected units D. there are separate switches for the motor and the control

Last Answer : Answer: B

____ structures are typically used in businesses that primarily sell and produce standard products and seldom conduct external projects.

Description : ____ structures are typically used in businesses that primarily sell and produce standard  products and seldom conduct external projects.

Last Answer : Ans. Functional-type organisation

Which of the following are good for parts that are seldom dismantled. a) Through Bolts b) Tap Bolts c) Studs d) Cannot be stated

Description : Which of the following are good for parts that are seldom dismantled. a) Through Bolts b) Tap Bolts c) Studs d) Cannot be stated

Last Answer : b) Tap Bolts