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CRISC Practice Question: A risk assessment that assigns monetary values to…
A risk assessment that assigns monetary values to assets and calculates expected loss is called:
⚠ Common exam trap
It's easy for candidates to confuse 'semi-quantitative' with 'quantitative' because both use numbers, but semi-quantitative methods use ordinal scales or weighted scores (e.g., 1-5) rather than actual monetary values and expected loss calculations.
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
✓
Quantitative
A quantitative risk assessment assigns specific monetary values to assets and calculates expected loss using formulas such as Single Loss Expectancy (SLE) = Asset Value (AV) × Exposure Factor (EF), and Annualized Loss Expectancy (ALE) = SLE × Annualized Rate of Occurrence (ARO). This approach provides objective, numeric risk metrics that support cost-benefit analysis for risk mitigation decisions.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Qualitative
Why it's wrong here
Qualitative uses descriptive scales.
- ✗
Semi-quantitative
Why it's wrong here
Semi-quantitative uses numeric ranks, not monetary.
- ✗
Comprehensive
Why it's wrong here
Not a standard risk assessment type.
- ✓
Quantitative
Why this is correct
Quantitative assigns monetary values.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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