CAS-003 · Question #665
CAS-003 Question #665: Real Exam Question with Answer & Explanation
The correct answer is C: Accept the risk. Residual risk is the risk that remains after all feasible controls have been implemented. When the board has denied additional budget and all planned controls are in place, the organization has exhausted its options for further mitigation or transfer without new funding. The appr
Question
Options
- ATransfer the risk
- BBaseline the risk.
- CAccept the risk
- DRemove the risk
Explanation
Residual risk is the risk that remains after all feasible controls have been implemented. When the board has denied additional budget and all planned controls are in place, the organization has exhausted its options for further mitigation or transfer without new funding. The appropriate and realistic response is to accept the risk - formally acknowledging it exists and documenting the decision. Transferring risk (e.g., via insurance) requires budget and a deliberate action plan. Removing the risk would require additional resources. 'Baselining' risk is a measurement activity, not a risk treatment strategy.
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