Security Final Exam Questions with Correct Answers

What is risk management? - ANSWER-Making the most efficient before the loss arrangement for an after the loss continuation What are the 4 basic steps of a good risk management program? - ANSWER-1. Identify 2. Analyze 3. Optimize 4. Study What is risk analysis? - ANSWER-Identify potential area of loss and to develop and install appropriate security measures What is a security survey? - ANSWER-Exhaustive physical examination of the premises Key area of internal concern? - ANSWER-- theft - pilferage - corporate espionage Probability? - ANSWER-mathematical statement concerning the possibility of an event occurring Criticality? - ANSWER-impact of a loss measured in dollars What is more important? Criticality or probability? - ANSWER-Criticality Are threats always obvious? - ANSWER-No Security countermeasures? - ANSWER-comprehensive and accurate analysis Risk avoidance? - ANSWER-Removing the problem by eliminating the risk Risk reduction? - ANSWER-Decreasing the potential ill effects of safety and security problems when it is impossible to avoid them Risk spreading? - ANSWER-Stopping the problem so that a security or safety problem at one location will not cause a complete loss Risk transfer? - ANSWER-Removing the risk to the company by paying for the protection of an insurance policy Operational audit? - ANSWER-Considers all aspects of the security operation on a continuing basis