- (Exam Topic 2)
Which of the following should be established by management during implementation of big data systems to enable ongoing production monitoring?

1. A. Key performance indicators
2. B. Reports of software customization
3. C. Change and patch management
4. D. Master data management

Correct Answer: A

- (Exam Topic 1)
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?

1. A. Establishing risk category definitions and a common risk language for likelihood and impact measures.
2. B. Defining ERM roles and responsibilities.
3. C. Providing the board with an independent, objective risk perspective on financial reporting.
4. D. Guiding integration of ERM with other management activities.

Correct Answer: C

- (Exam Topic 1)
Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?

1. A. A flexible budget.
2. B. Variance analysis.
3. C. A contribution margin income statement by segment.
4. D. Residual income.

Correct Answer: D

- (Exam Topic 2)
Which of the following best describes the purpose of disaster recovery planning?

1. A. To reconstitute systems efficiently following a disruptive event.
2. B. To define rules on how devices within the system should communicate after a disaster.
3. C. To describe how data should move from one system to another system in case of an emergency.
4. D. To establish a protected area of network that is accessible to the public after a disaster

Correct Answer: A

- (Exam Topic 1)
Which mindset promotes the most comprehensive risk management strategy?

1. A. Increase shareholder value.
2. B. Maximize market share.
3. C. Improve operational efficiency.
4. D. Mitigate losses.

Correct Answer: A