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SUNY Old Westbury Evaluation of Internal Strengths and Weaknesses of Businesses MCQs

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Question 1

A SWOT analysis begins with an evaluation of internal strengths and weaknesses.

True

False

Question 2

A successfully designed risk program provides management with the ability to do which of the following in regard to risk? Select all that apply.

A

Analyze risk

B

Condense risk

C

Regulate risk

D

Define risk

E

Evaluate risk

F

Respond to risk

G

Desensitize risk

Question 3

What is the value of predictive risk information? Select one:

A

Informed predictions

B

Increased wealth

C

Informed decisions

D

Increased alignment

Question 4

Which of the following do cybersecurity experts believe to be some of the most significant dangers to security in the next few years? Select all that apply:

A

Online commerce

B

Financing

C

Medical data

D

Mobile computing

E

Social media

Question 5

Which of the following types of crimeware is designed and used to block access to computer systems until a sum of money is paid? Select one.

A

Malware

B

Ransomware

C

Adware

D

Spyware

Question 6

During what step of the risk management process do companies assess their highest ranked risks in order to develop a plan using risk controls? Select one.

A

Risk identification

B

Risk mitigation

C

Risk monitoring

D

Risk evaluation

E

Risk analysis

Question 7

Creating a good strategic IT plan involves understanding an organization’s business environment.

True

False

Question 8

System vulnerability refers to which of the following? Select one.

A

A gap in IT governance

B

A gap in IT security defense

C

A breach in data

D

A breach in stakeholder trust

Question 9

There are international, federal, and state laws and industry regulations that are mandated to specifically address cyber attacks.

True

False

Question 10

Which of the following are objectives of IT strategic plans? Select all that apply.

A

Suggest improvements about current performance

B

Identify capacity and human resource requirements

C

Identify potential IT system investors

D

Improve communication between systems

E

Improve management’s understanding of IT opportunities and limitations

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