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NEW QUESTION: 1
Which of the following are elements of 'group risk':
I. Market risk
II. Intra-group exposures
III. Reputational contagion
IV. Complex group structures
A. II and III
B. II, III and IV
C. I and II
D. I and IV
Answer: B
Explanation:
Explanation
The term 'group risk' has been defined in the FSA document 08/24 on stress testing as the risk that a firm may be adversely affected by an occurrence (financial or non-financial) in another group entity or an occurrence that affects ther group as a whole. These risks may occur through:
- reputational contagion,
- financial contagion,
- leveraging,
- double or multiple gearing,
- concentrations and large exposures (particularly intra-group).
Thus, the insurance sector may be considered a group, and a firm may suffer just because another group firm has had losses or reputational issues.
The FSA statement goes on to identify some elements of group risk as follows:
- intra-group exposures (credit or operational exposures through outsourcing or service arrangements, as well as more standard business exposures);
- concentration risks (from credit, market or insurance risks which could put a strain on capital resources across entities simultaneously);
- contagion (reputational damage, operational or financial pressures); and
- complex group structures (with dependencies, complex split of responsibilities and accountabilities).
Therefore Choice 'a' is the correct answer and the rest of the choices are incorrect.

NEW QUESTION: 2
If no bit error test is performed on a optical channel for 10 minutes, the local end uses the SDH analyzer to connect to the client-side port on the OTU board, the client-side port on the opposite OTU board need to be self-looped by a fiber. In the case of self-loop, a fixed attenuator must be added.
A. False
B. True
Answer: B

NEW QUESTION: 3
Of the reasons why a Disaster Recovery plan gets outdated, which of the following is not true?
A. Continuous auditing makes a Disaster Recovery plan irrelevant
B. Infrastructure and environment changes
C. Personnel turnover
D. Large plans can take a lot of work to maintain
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Auditing would affect the Disaster Recovery plan.
Note: The main reasons Disaster Recovery plans become outdated include the following:
Personnel turn over.

Large plans take a lot of work to maintain.

Changes occur to the infrastructure and environment.

Other reasons include:
The business continuity process is not integrated into the change management process.

Reorganization of the company, layoffs, or mergers occurs.

Changes in hardware, software, and applications occur.

After the plan is constructed, people feel their job is done.

Plans do not have a direct line to profitability.

Incorrect Answers:
A: Personnel turnover can make the Disaster Recovery plan outdated.
B: Large plans take a lot of work to maintain can make the Disaster Recovery plan outdated.
C: Changes that occur to the infrastructure and environment can make the Disaster Recovery plan outdated.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, 2013, p. 958

NEW QUESTION: 4
How many users can have read/write access in Gaia at one time?
A. One
B. Infinite
C. Three
D. Two
Answer: A

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