A Quantitative Risk Assessment Model Has All of the Following

question 307

Multiple Choice

A quantitative risk assessment model has all of the following advantages except:

• A) Accommodating a large number of risk factors in the assessment.
• B) Providing documentation for the chief audit executive, who must defend the long-range audit plan.
• C) Providing a systematic method of applying weightings to risks and priorities.
• D) Removing the need for judgment on the part of the chief audit executive.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood control.

Autonomic Nervous System

A part of the peripheral nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Limbic System

A complex system of nerves and networks in the brain, involved in controlling basic emotions and drives.

Forebrain

The anterior part of the brain, including the cerebral hemispheres, responsible for complex behaviors and cognitive functions.