IIA Exam IIA-CRMA Topic 5 Question 81 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 81
Topic #: 5

[All IIA-CRMA Questions]

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

AExiting a marketplace.

BRecalling a product.

CObtaining product insurance.

DOutsourcing production.

Show Suggested Answer

Suggested Answer: A

by Lon at Jul 01, 2024, 12:52 AM

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Lemuel

7 months ago

B. Recalling a product? That's just dealing with the consequences, not avoiding the risk in the first place.

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Tamie

7 months ago

Haha, I bet the answer is D. Outsourcing production - that's like saying, 'Nope, not my problem anymore!'

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Lamonica

6 months ago

Haha, I bet the answer is D. Outsourcing production - that's like saying, 'Nope, not my problem anymore!'

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Cortney

6 months ago

D) Outsourcing production.

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Deandrea

6 months ago

C) Obtaining product insurance.

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Dino

6 months ago

B) Recalling a product.

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Dorothy

6 months ago

A) Exiting a marketplace.

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Casandra

7 months ago

I'm going with C. Obtaining product insurance seems like a classic risk management strategy to me.

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Daniela

8 months ago

Hmm, I'm not so sure. Outsourcing production could also be considered a way to avoid risks, right? This one's tricky.

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Charlie

6 months ago

Outsourcing production.

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Kaycee

6 months ago

Obtaining product insurance.

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Emerson

7 months ago

Recalling a product.

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Maddie

7 months ago

Exiting a marketplace.

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Jill

8 months ago

I see your point, Gerald, but I still think A) Exiting a marketplace is the best example of risk management avoidance.

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Eloisa

8 months ago

I think the answer is A. Exiting a marketplace seems like the clearest example of a risk management avoidance response.

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Rasheeda

7 months ago

I agree, it makes sense to avoid the risk by leaving the marketplace.

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Ronald

7 months ago

I think the answer is A. Exiting a marketplace seems like the clearest example of a risk management avoidance response.

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Gerald

8 months ago

I'm not sure, but I think C) Obtaining product insurance could also be a risk management avoidance response.

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Phyliss

8 months ago

I agree with Pearly, because avoiding a risky marketplace is a way to manage risk.

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Pearly

8 months ago

I think the answer is A) Exiting a marketplace.

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