IIA Exam IIA-CFSA Topic 8 Question 47 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 47
Topic #: 8

[All IIA-CFSA Questions]

Following statements define risk EXCEPT:

AOrganization has knowledge of facts constituting a dangerous condition

BOrganization voluntarily exposes itself to the danger

CThe element of assurance in an undertaking

DMeasured in terms of impact and likelihood

Show Suggested Answer

Suggested Answer: D

by Helaine at Mar 19, 2024, 04:46 PM

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Aretha

2 months ago

C is the correct answer? More like the 'element of assurance' in a game of Russian roulette.

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Jenise

1 months ago

D) Measured in terms of impact and likelihood

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Alyce

2 months ago

B) Organization voluntarily exposes itself to the danger

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Jovita

2 months ago

A) Organization has knowledge of facts constituting a dangerous condition

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Alexis

3 months ago

I guess the organization has a death wish if they're choosing B as the answer.

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Nan

1 months ago

Definitely, it goes against the idea of managing risk.

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Tammara

1 months ago

I agree, it seems like a dangerous decision for an organization to voluntarily expose itself to danger.

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Theron

1 months ago

I think B is not a good choice, it does sound risky.

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Louann

1 months ago

D) Measured in terms of impact and likelihood

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Laticia

2 months ago

C) The element of assurance in an undertaking

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Sharee

2 months ago

B) Organization voluntarily exposes itself to the danger

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Rolland

2 months ago

A) Organization has knowledge of facts constituting a dangerous condition

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Micah

3 months ago

B is just asking to be chosen, right? Who would voluntarily expose themselves to danger?

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Ilene

2 months ago

I agree, B does seem like an odd choice

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Minna

2 months ago

D) Measured in terms of impact and likelihood

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Tayna

3 months ago

C) The element of assurance in an undertaking

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Joaquin

3 months ago

A) Organization has knowledge of facts constituting a dangerous condition

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Nancey

3 months ago

A is a bit too obvious, isn't it? I mean, everyone knows that risk involves a dangerous condition.

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Leslie

2 months ago

C) The element of assurance in an undertaking

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Lyda

3 months ago

B) Organization voluntarily exposes itself to the danger

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Skye

3 months ago

D seems like the right answer. Risk is measured in terms of impact and likelihood.

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Elliot

3 months ago

But C makes sense because assurance is not related to risk.

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Alyce

3 months ago

I disagree, I believe the answer is D.

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Wava

3 months ago

I think the correct answer is C. The element of assurance in an undertaking is not a definition of risk.

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Delpha

2 months ago

I would go with D. Impact and likelihood are key factors in assessing risk.

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Desmond

2 months ago

I'm not sure, but I think it's between A and D.

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Davida

2 months ago

I think the correct answer is A. It makes more sense.

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Maurine

2 months ago

I agree, C is not a correct definition of risk.

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Argelia

2 months ago

D) Measured in terms of impact and likelihood

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Dierdre

2 months ago

C) The element of assurance in an undertaking

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Terrilyn

2 months ago

B) Organization voluntarily exposes itself to the danger

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Ona

3 months ago

A) Organization has knowledge of facts constituting a dangerous condition

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Elliot

4 months ago

I think the answer is C.

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