IIA Exam IIA-CRMA Topic 2 Question 79 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 79
Topic #: 2

[All IIA-CRMA Questions]

Which of the following is an example of a risk avoidance strategy?

AHedging against exchange rate variations.

BLimiting access to an organization's data center.

CSelling a nonstrategic business unit.

DOutsourcing a high-risk activity.

Show Suggested Answer

Suggested Answer: C

by Glen at Jun 03, 2024, 03:29 PM

Limited Time Offer

25%

Off

Get Premium IIA-CRMA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Angelyn

6 months ago

I'd have to go with C) Selling a nonstrategic business unit. Trimming the fat is the way to go when you're trying to dodge risk.

upvoted 0 times

Gerald

5 months ago

I agree. It's important to focus on core activities and eliminate unnecessary risks.

upvoted 0 times

...

Jessenia

5 months ago

That's a good point. I think C) Selling a nonstrategic business unit is a smart move.

upvoted 0 times

...

Dean

6 months ago

A) Hedging against exchange rate variations? That's just playing it safe. Real risk-takers go all-in!

upvoted 0 times

...

Kristofer

6 months ago

B) Limiting access to the data center is a good one. Can't have a data breach if no one can get in, right?

upvoted 0 times

...

Krystal

6 months ago

D) Outsourcing a high-risk activity sounds like the right choice to me. Passing the buck is the best way to avoid risk!

upvoted 0 times

Arlean

5 months ago

It's definitely a common strategy in business to outsource high-risk activities to specialized vendors.

upvoted 0 times

...

Maryann

5 months ago

I agree, passing the responsibility to someone else can help minimize the impact of potential risks.

upvoted 0 times

...

Victor

5 months ago

True, limiting access to sensitive data can also help mitigate risks. It's all about finding the right balance.

upvoted 0 times

...

Fannie

5 months ago

I think outsourcing a high-risk activity is a good way to avoid risk.

upvoted 0 times

...

Kathrine

5 months ago

But what about limiting access to an organization's data center? Wouldn't that also be a good risk avoidance strategy?

upvoted 0 times

...

Rasheeda

5 months ago

I agree, outsourcing a high-risk activity can definitely help avoid potential risks.

upvoted 0 times

...

Shay

6 months ago

I agree with Sabra. By limiting access, you can reduce the chances of security breaches.

upvoted 0 times

...

Sabra

6 months ago

I think limiting access to an organization's data center is a risk avoidance strategy.

upvoted 0 times

...

Maurine

7 months ago

I think the correct answer is C) Selling a nonstrategic business unit. That's a classic risk avoidance strategy.

upvoted 0 times

Willie

5 months ago

I think hedging against exchange rate variations is also a good example of risk avoidance.

upvoted 0 times

...

Lon

5 months ago

I agree, selling a nonstrategic business unit is definitely a risk avoidance strategy.

upvoted 0 times

...

Santos

6 months ago

I think hedging against exchange rate variations is also a good example of risk avoidance.

upvoted 0 times

...

Tonja

6 months ago

I think hedging against exchange rate variations is also a valid risk avoidance strategy.

upvoted 0 times

...

Hermila

6 months ago

I agree, selling a nonstrategic business unit is definitely a risk avoidance strategy.

upvoted 0 times

...

Dewitt

6 months ago

I agree, selling a nonstrategic business unit is a good way to avoid risk.

upvoted 0 times

...