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ISACA Certified in Risk and Information Systems Control · Isaca
Select 3 answers.
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I agree that cost-benefit analysis is more about decision-making.
Determination of the Cost of Protecting What Is Important (A): Cost-benefit analysis aids in understanding how much investment is needed to safeguard critical assets, ensuring resources are used effectively. Taking Risk Response Decisions (B): By analyzing costs and benefits, organizations can make informed decisions about whether to accept, mitigate, transfer, or avoid specific risks. Making Smart Choices Based on Mitigation Costs and Losses (D): This process allows risk professionals to weigh potential costs of controls against the benefits of mitigating risks, leading to optimized risk management strategies. Option C is incorrect because cost-benefit analysis is more about decision-making rather than providing a purely monetary impact view of risk
answer is ABD The cost-benefit analysis helps more with comparing the costs of implementing controls against the potential benefits, rather than just providing a direct monetary impact view of the risk itself