IIA-CGAP Exam - Topic 3 Question 36 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 36
Topic #: 3

_______is the risk that can be controlled by various preventative measures such as adding personnel to a function, installing burglar alarms, increasing the frequency and level of management review, or implementing tighter standards. Where as _______ is the Risk that can be transferred by purchasing insurance policies to cover losses of several types such as cash, property, or facilities.

AControl the risk, Transfer the risk

BAccept the risk, Transfer the risk

CTransfer the risk, Control the risk

DControl the risk, accept the risk

Show Suggested Answer

Suggested Answer: A

by Lilli at May 08, 2022, 05:13 AM

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Shenika

4 months ago

I agree with Control the risk, but what about unforeseen events?

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Lashanda

5 months ago

Pretty sure "Transfer the risk" is spot on for insurance policies!

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Samira

5 months ago

Wait, can you really control all risks? Seems a bit optimistic.

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Renato

5 months ago

I think it's actually "Accept the risk, Transfer the risk."

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Kristian

5 months ago

Control the risk is definitely the right approach!

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Novella

5 months ago

I think "Transfer the risk" makes sense for insurance, but I can't recall if "Control the risk" is the right term for the first part.

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Filiberto

5 months ago

I’m a bit confused. I thought "accepting the risk" was more about acknowledging it rather than transferring it.

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Freeman

5 months ago

I remember practicing a question like this where we discussed risk management strategies. I feel like "Control the risk" definitely goes first.

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Blondell

5 months ago

I think the first blank is about controlling risk, but I'm not entirely sure if "accepting" or "transferring" fits in the second blank.

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Rory

5 months ago

I'm going to focus on understanding what each part of the statement means. The 'kilimanjaro' keyword is throwing me off, but I'll try to break down the rest of it.

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Alberto

6 months ago

Okay, I've got this. Processes are scheduled from the Orchestrator server, which is the central management hub for UiPath automation. That's option A, so I'm going with that.

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Rose

6 months ago

I'm a bit confused about the order of model creation. I'll need to carefully analyze the priority and event details to determine the correct sequence.

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