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CRISC Practice Question: A retail company is identifying risks in its…
A retail company is identifying risks in its supply chain. Which approach is most effective for identifying previously unknown risks?
⚠ Common exam trap
It's easy for candidates to choose 'Review of standard risk checklists' because it seems efficient and structured, but CRISC tests the understanding that checklists are inherently limited to known risks and cannot identify novel or previously unencountered threats.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Scenario analysis with supply chain partners
Scenario analysis with supply chain partners is most effective for identifying previously unknown risks because it leverages collaborative brainstorming and 'what-if' thinking to uncover emergent threats that are not captured by historical data or static checklists. This approach is particularly valuable in supply chain contexts where interdependencies, third-party vulnerabilities, and novel disruptions (e.g., a new cyberattack vector targeting a logistics provider) can surface only through joint exploration of hypothetical events. It aligns with the CRISC emphasis on proactive risk identification beyond known patterns.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Scenario analysis with supply chain partners
Why this is correct
Scenario analysis explores potential future events, uncovering previously unidentified risks.
- ✗
Employee surveys
Why it's wrong here
Employee surveys may not have visibility into supply chain partners.
- ✗
Financial audit reports
Why it's wrong here
Financial audits address financial controls, not supply chain risks.
- ✗
Review of standard risk checklists
Why it's wrong here
Checklists are limited to known risks.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CRISC practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CRISC exam.