(Solved): 11. Which of the following is IMPROPER corporate governance as related to risk management? A Board ...

11. Which of the following is IMPROPER corporate governance as related to risk management? A Board delegating risk management ownership to management B. Management proactively seeking risk ownership from the board c Business unit managers delegating risk management to operations managers Operations managers doing strategic risk analysis on their own The correct answer is 12. Who has responsibility for risk acceptance? A board B. Operations managers c. chief risk officer D. chief executive officer The correct answer is operational risk management? A. Identification of controls B. Identification of risks c Determination of cost effectiveness of controls D Stress testing The correct answer is 14. Which of the following would have the HIGHEST priority in a business continuity plan? A. Resuming critical processes B. Recovering sensitive processes C. Restoring the site D. Relocating operations to an alternative site The correct answer is 15. Which of the following statement is INCORRECT in operational risk management? 1. Each control must have a control objective Preventive controls are the strongest controls c. Cost of controls should be more than the risk being mitigated D. A single control can mitigate many risks The correct answer is —