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NEW QUESTION: 1
Which of the following processes is described in the statement below?
"It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."
A. Risk governance
B. Risk response planning
C. Risk identification
D. Risk communication
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Risk communication is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions. Risk communication is mostly concerned with the nature of risk or expressing concerns, views, or reactions to risk managers or institutional bodies for risk management. The key plan to consider and communicate risk is to categorize and impose priorities, and acquire suitable measures to reduce risks. It is important throughout any crisis to put across multifaceted information in a simple and clear manner.
Risk communication helps in switching or allocating the information concerning risk among the decision- maker and the stakeholders. Risk communication can be explained more clearly with the help of the following definitions:
It defines the issue of what a group does, not just what it says.
It must take into account the valuable element in user's perceptions of risk.
It will be more valuable if it is thought of as conversation, not instruction.
Risk communication is a fundamental and continuing element of the risk analysis exercise, and the involvement of the stakeholder group is from the beginning. It makes the stakeholders conscious of the process at each phase of the risk assessment. It helps to guarantee that the restrictions, outcomes, consequence, logic, and risk assessment are undoubtedly understood by all the stakeholders.
Incorrect Answers:
C: A risk response ensures that the residual risk is within the limits of the risk appetite and tolerance of the enterprise. Risk response is process of selecting the correct, prioritized response to risk, based on the level of risk, the enterprise's risk tolerance and the cost and benefit of the particular risk response option.
Risk response ensures that management is providing accurate reports on:
The level of risk faced by the enterprise
The incidents' type that have occurred
Any alteration in the enterprise's risk profile based on changes in the risk environment
NEW QUESTION: 2
A Machine Learning Specialist receives customer data for an online shopping website. The data includes demographics, past visits, and locality information. The Specialist must develop a machine learning approach to identify the customer shopping patterns, preferences and trends to enhance the website for better service and smart recommendations.
Which solution should the Specialist recommend?
A. A neural network with a minimum of three layers and random initial weights to identify patterns in the customer database
B. Random Cut Forest (RCF) over random subsamples to identify patterns in the customer database
C. Collaborative filtering based on user interactions and correlations to identify patterns in the customer database
D. Latent Dirichlet Allocation (LDA) for the given collection of discrete data to identify patterns in the customer database.
Answer: C
NEW QUESTION: 3
A customer wants to configure their organizational structure in the Organization and Staffing user interface (transaction PPOME). What are the four main areas of the hierarchy framework in PPOME?
Please choose the correct answer.
Response:
A. Object area, Tools area, Overview area, Infotype area
B. Menu area, Object area, Overview area, Infotype area
C. Search area, Selection area, Overview area, Detail area
D. Tools area, Search area, Overview area, Detail area
Answer: C
NEW QUESTION: 4
Within the Continual Service Improvement (CSI) 7 step improvement process, data needs to be gathered and analyzed from which other area of the lifecycle in order to answer the question "Did we get there?"
A. Service Transition
B. Service Design
C. Service Strategy
D. Service Operation
Answer: D