IIA Exam IIA-CIA-Part3-3P Topic 11 Question 29 Discussion

Actual exam question for IIA's IIA-CIA-Part3-3P exam

Question #: 29
Topic #: 11

[All IIA-CIA-Part3-3P Questions]

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

ABuying an insurance policy to protect against loss events.

BHedging against natural gas price fluctuations.

CSelling a non-strategic business unit.

DOutsourcing a high risk process to a third party.

Show Suggested Answer

Suggested Answer: B

by Georgene at Aug 06, 2023, 10:28 AM

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7 days ago

Buying insurance to protect against loss events seems like the safest bet. You can't go wrong with that!

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8 days ago

I'm not sure, but I think C) Selling a non-strategic business unit could also be a risk avoidance response.

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9 days ago

I agree with Dwight, because buying insurance helps avoid financial risks.

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11 days ago

I think the answer is A) Buying an insurance policy.

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