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Exam Code: CSC1
Exam Name: Canadian Securities Course Exam 1Certification
Version: V16.75
Q & A: 400 Questions and Answers
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NEW QUESTION: 1
Before implementing controls, management should FIRST ensure that the controls:
A. are based on a cost-benefit analysis.
B. satisfy a requirement in addressing a risk issue.
C. are detective or corrective.
D. do not reduce productivity.
Answer: B
Explanation:
When designing controls, it is necessary to consider all the above aspects. In an ideal situation, controls that address all these aspects would be the best controls. Realistically, it may not be possible to design them all and cost may be prohibitive; therefore, it is necessary to first consider the preventive controls that attack the cause of a threat.
NEW QUESTION: 2
Which risk response is most likely to involve contingency reserves?
A. shaie
B. Acceptance
C. Transfer
D. Mitigate
Answer: B
Explanation:
Acceptance is when no change to the project is made for a risk. A contingency can be set aside to offset the impact of the risk.
NEW QUESTION: 3
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Answer:
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