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CIPS L5M2 Exam - Topic 1 Question 29 Discussion

Which of the following is a method for approaching risks?
A) tolerate
B) translate
C) transport
D) take out

CIPS L5M2 Exam - Topic 1 Question 29 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 29
Topic #: 1
[All L5M2 Questions]

Which of the following is a method for approaching risks?

Show Suggested Answer Hide Answer
Suggested Answer: A

The correct answers are as follows:

Nothing can be done to change this risk (you can't stop an earthquake from happening), so you therefore need to transfer the risk to another party, or include for this within a contract.


by Chauncey at Apr 09, 2024, 09:05 PM

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Malcolm
9 months ago
"Transport" isn't a risk method, right? That's just wrong.
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Evette
9 months ago
"Take out" sounds more like insurance to me.
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Adelina
10 months ago
Wait, "translate"? Is that even a thing?
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Kaitlyn
10 months ago
Totally agree, tolerating risks is often necessary.
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Colby
10 months ago
I think "tolerate" is a common method.
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Wilda
10 months ago
I definitely remember "tolerate" being one of the options in a similar practice question, so I'm leaning towards that one.
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Rene
11 months ago
"Take out" seems like it could be a method, but I feel like it might not fit the typical terminology used in risk management.
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Maryann
11 months ago
I remember practicing a question about risk approaches, and "translate" was mentioned, but I can't recall if it was actually a method.
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Domonique
11 months ago
I think "tolerate" sounds familiar as a risk management strategy, but I'm not completely sure if it's the right answer here.
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Anisha
11 months ago
Okay, let me walk through this step-by-step. Tolerate, translate, transport, take out... I think tolerate is the best fit for a risk management method.
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Georgiana
11 months ago
I'm a bit confused on the options here. Translate and transport don't seem like typical risk management approaches. I'll have to review my notes.
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Terrilyn
11 months ago
Hmm, this looks like a tricky one. I'll need to think carefully about the different risk management strategies.
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Bettina
11 months ago
I'm pretty sure the answer is A - tolerate. That's one of the key risk response strategies we covered in class.
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Lashawnda
11 months ago
Winbindd sounds right to me. It handles the domain membership, if I remember correctly.
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Roxane
11 months ago
Hmm, I'm a bit unsure about this one. The options seem to cover a range of audit-related concepts, but I'm not sure which one is the most specific to the "verification and determination" aspect mentioned in the question.
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Irene
11 months ago
Hmm, I'm not too sure about this one. I'll have to think it through carefully before answering.
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Jesusita
11 months ago
I have some doubts about the math here—wasn't there a formula we used to estimate expected acceptance rates based on acceptance and rejection numbers?
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Art
1 year ago
I'd like to 'take out' the person who came up with these answer options. Talk about a risky business!
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Gilbert
1 year ago
Yeah, taking out the person who came up with these options seems a bit extreme.
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Hassie
1 year ago
I agree, sometimes you just have to tolerate the risks.
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Maddie
1 year ago
I think 'tolerate' is the best approach for risks.
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Ernestine
1 year ago
D) take out
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Claudia
1 year ago
C) transport
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Alease
1 year ago
B) translate
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Lakeesha
1 year ago
A) tolerate
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Kirk
1 year ago
Tolerate, translate, transport... Sounds like a game of Risk, but with even more risk involved!
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Fidelia
1 year ago
Take out? Now we're talking! Time to bring out the big guns and eliminate that risk once and for all! *cocks imaginary shotgun*
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Julian
1 year ago
Take out? Now we're talking! Time to bring out the big guns and eliminate that risk once and for all! *cocks imaginary shotgun*
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Lashandra
1 year ago
D) take out
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Terry
1 year ago
C) transport
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Florinda
1 year ago
B) translate
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Corazon
1 year ago
A) tolerate
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Ressie
1 year ago
Transport? Are we supposed to just move the risk to a different location? That's like putting a bandaid on a broken leg.
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Stevie
1 year ago
D) take out
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Leonora
1 year ago
C) transport
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Krystina
1 year ago
B) translate
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Lenna
1 year ago
A) tolerate
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Edelmira
1 year ago
No, transporting risks means transferring them to another party, not physically moving them.
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Kris
1 year ago
D) take out
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Beatriz
1 year ago
C) transport
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Sommer
1 year ago
B) translate
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Peter
1 year ago
A) tolerate
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Candra
1 year ago
Translate? What, are we supposed to just translate the risk into another language and it'll go away? I'm pretty sure that's not how it works.
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Luke
1 year ago
I think we need to tolerate some risks, but also take steps to mitigate them.
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Jamie
1 year ago
Exactly, we can't just translate risks away. We need to approach them in a different way.
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Desmond
1 year ago
No, translating risks into another language won't make them disappear.
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Anthony
1 year ago
D) take out
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Eliz
1 year ago
C) transport
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Bette
1 year ago
B) translate
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Trinidad
1 year ago
A) tolerate
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Glendora
1 year ago
Tolerate? Really? That's like saying 'just ignore the problem and hope it goes away.' I bet the right answer is something more proactive like 'take out' the risk.
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Paulina
1 year ago
I'm not sure, but I think it's between A) tolerate and D) take out. Tolerating risks can be a valid approach, but sometimes it's better to remove the risk altogether.
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Flo
1 year ago
I agree with Douglass, because tolerating risks means accepting them without taking any action.
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Douglass
1 year ago
I think the answer is A) tolerate.
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