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ISFS Questions and Answers

Question # 1

Midwest Insurance grades the monthly report of all claimed losses per insured as confidential.

What is accomplished if all other reports from this insurance office are also assigned the

appropriate grading?

A.

The costs for automating are easier to charge to the responsible departments.

B.

A determination can be made as to which report should be printed first and which one can wait

a little longer.

C.

Everyone can easiliy see how sensitive the reports' contents are by consulting the grading

label.

D.

Reports can be developed more easily and with fewer errors.

Question # 2

What is an example of a non-human threat to the physical environment?

A.

Fraudulent transaction

B.

Corrupted file

C.

Storm

D.

Virus

Question # 3

When we are at our desk, we want the information system and the necessary information to be

available. We want to be able to work with the computer and access the network and our files.

What is the correct definition of availability?

A.

The degree to which the system capacity is enough to allow all users to work with it

B.

The degree to which the continuity of an organization is guaranteed

C.

The degree to which an information system is available for the users

D.

The total amount of time that an information system is accessible to the users

Question # 4

You are the owner of the courier company SpeeDelivery. You have carried out a risk analysis and

now want to determine your risk strategy. You decide to take measures for the large risks but not

for the small risks. What is this risk strategy called?

A.

Risk bearing

B.

Risk avoiding

C.

Risk neutral

Question # 5

You have a small office in an industrial areA. You would like to analyze the risks your company

faces. The office is in a pretty remote location; therefore, the possibility of arson is not entirely out

of the question. What is the relationship between the threat of fire and the risk of fire?

A.

The risk of fire is the threat of fire multiplied by the chance that the fire may occur and the

consequences thereof.

B.

The threat of fire is the risk of fire multiplied by the chance that the fire may occur and the

consequences thereof.

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