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NEW QUESTION: 1
Which of the following statements is true for risk analysis?
A. Risk analysis should address the potential size and likelihood of loss.
B. Risk analysis should limit the scope to a benchmark of similar companies
C. is incorrect. A risk analysis would not normally consider the benchmark of similar
companies as providing relevant information other than for comparison purposes.
D. Risk analysis should give more weight to the likelihood than the size of loss.
E. is incorrect. Since the likelihood determines the size of the loss, hence both elements
must be considered in the calculation.
F. Explanation:
A risk analysis deals with the potential size and likelihood of loss. A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of
the organization to these threats. A risk from an organizational perspective consists of:
Threats to various processes of organization.
Threats to physical and information assets.
Likelihood and frequency of occurrence from threat.
Impact on assets from threat and vulnerability.
Risk analysis allows the auditor to do the following tasks :
Identify threats and vulnerabilities to the enterprise and its information system.
Provide information for evaluation of controls in audit planning.
Aids in determining audit objectives.
Supporting decision based on risks.
G. Risk analysis should assume an equal degree of protection for all assets.
Answer: A,C,E,F
Explanation:
is incorrect. Assuming equal degree of protection would only be rational in the rare
event that all the assets are similar in sensitivity and criticality. Hence this is not practiced in risk
analysis.

NEW QUESTION: 2
Samuel works as a project manager in Bluewell Inc. He is performing constructability analysis in one of the initial planning phases. Which of these does constructability take into account during analysis? Each correct answer represents a complete solution. Choose three.
A. Location, logistics, and resource availability analysis
B. The average price of general labor in the area
C. Quality inspections and compliance
D. Labor productivity studies from previous similar projects in the area
Answer: A,B,D
Explanation:
Constructability analysis takes into account the location, logistics, resource availability analysis, the average price of general labor in the area, and labor productivity studies from previous similar projects in the area. Constructability analysis is a process that starts in the initial planning phases and persists all over the entire planning cycle and into the implementation phase of the project. Constructability analysis during the planning process examines the methods and cost of installed equipment and materials, technology, site conditions, resources, and related infrastructure. The benefit of constructability analysis is to reduce both the time and cost of a project. Constructability analysis is repeatedly performed throughout the life-cycle of a project in order to optimize cost, plan, and schedule while mitigating risk. It is a very important process that needs to be performed early in planning to allow alternatives to be considered and integrated into the design. Answer option A is incorrect. This comes under the quality assurance phase.

NEW QUESTION: 3
Examine the structure of the LOB_STORE table.

Name Null? Type
LOB_ID NUMBER VIDEO_CLIP BLOB You create a 'DATA_FILES' directory object that contains the 'IMAGE1.GIF'operating system (OS) file. View the Exhibit and examine the LOAD_LOB procedure code that you execute for reading data from the OS file into the BLOB column.
It is created with compilation errors. What is the reason?
A. OPEN, CLOSE, and READONLY routines of DBMS_LOB should be used instead of FILEOPEN, FILECLOSE, and FILE_READONLY.
B. The WRITE routine of DBMS_LOB should be used instead of LOADFROMFILE.
C. The return type of DBMS_LOB.FILEEXISTS is not compatible with the IF statement.
D. V_BLOB should be initialized to EMPTY_BLOB().
Answer: C

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