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NEW QUESTION: 1
A company has implemented data retention policies and storage quotas in response to their legal department's requests and the SAN administrator's recommendation. The retention policy states all email data older than 90 days should be eliminated. As there are no technical controls in place, users have been instructed to stick to a storage quota of 500Mb of network storage and 200Mb of email storage. After being presented with an e- discovery request from an opposing legal council, the security administrator discovers that the user in the suit has 1Tb of files and 300Mb of email spanning over two years. Which of the following should the security administrator provide to opposing council?
A. Delete email over the policy threshold and hand over the remaining emails and all of the files.
B. Provide the 1Tb of files on the network and the 300Mb of email files regardless of age.
C. Provide the first 200Mb of e-mail and the first 500Mb of files as per policy.
D. Delete files and email exceeding policy thresholds and turn over the remaining files and email.
Answer: B

NEW QUESTION: 2
Which of the following statements are correct?
I. A reliance upon conditional probabilities and a-priori views of probabilities is called the 'frequentist' view II. Knightian uncertainty refers to things that might happen but for which probabilities cannot be evaluated III. Risk mitigation and risk elimination are approaches to reacting to identified risks IV. Confidence accounting is a reference to the accounting frauds that were seen in the past decade as a reflection of failed governance processes
A. II, III and IV
B. II and III
C. I and IV
D. All of the above
Answer: B
Explanation:
Explanation
In statistics, which is relevant to risk management, a distinction is often drawn between 'frequentists' and
'Bayesians'. Frequentists rely upon data to draw conclusions as to probabilities. Bayesians consider conditional probabilities, ie, take into account what things are already known, and inject sometimes subjective a-priori probabilities into the calculations. Statement I describes Bayesians, and not frequentists. In reality however, the difference is merely academic. Risk managers use whichever technique best applies to the given situation without making it about ideology.
The difference between 'Knightian uncertainty' and 'Risk' is similarly academic. Knightian uncertainty refers to risk that cannot be measured or calculated. 'Risk' on the other hand refers to things for which past data exists and calculations of exposure can be made. To give an example in the context of the financial world, the risk from a pandemic creating systemic failures from a failure of payment and settlement systems and the like is
'Knightian uncertainty', but the market risk from equity price movements can be modeled (albeit with limitations) and is calculable. Statement II is therefore correct.
Once a risk is identified, it can be mitigated, accepted, avoided or eliminated, or transferred by way of insurance. Therefore statement III is correct.
Confidence accounting is a conceptual idea that suggests that accounting statements make reference to ranges as opposed to point estimates in financial statements. For example, instead of saying that the pension obligation is $xx million, the company should say the pension obligation is in a range of $xx m - $yy m with a certain confidence level. Statement IV is therefore inaccurate.

NEW QUESTION: 3

A. Option B
B. Option D
C. Option A
D. Option C
Answer: C