One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

QuestionsCategory: CRISCOne of the risk events you've identified is classified as force majeure. What risk response is likely to be used?
Admin Staff asked 6 months ago
One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

A. Acceptance

B. Transference

C. Enhance

D. Mitigation








 

Suggested Answer: A

Force majeure describes acts of God (Natural disaster), such as tornados and fires, and are usually accepted because there's little than can be done to mitigate these risks.
Incorrect Answers:
B: Transference transfers the risk ownership to a third party, usually for a fee.
C: Enhance is used for a positive risk event, not for force majeure.
D: Mitigation isn't the best choice, as this lowers the probability and/or impact of the risk event.

This question is in CRISC exam 
For getting Risk and Information Systems Control Certificate


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