ISC Risk Management Practice Question
Which TWO of the following are primary components of a formal Risk Management policy?
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
✓
Clear identification of roles and responsibilities
A risk management policy must define roles/responsibilities and the risk appetite/tolerance.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Detailed technical firewall configuration steps
Why it's wrong here
This belongs in a standard, not a policy.
- ✗
The specific hardware vendors approved for purchase
Why it's wrong here
Too operational for a policy.
- ✗
The yearly budget for the IT department
Why it's wrong here
Financial planning document.
- ✓
Clear identification of roles and responsibilities
Why this is correct
Governance requires defined accountability.
- ✓
Defined risk appetite and tolerance levels
Why this is correct
Essential for setting boundaries.
About these practice questions
One of 219 original ISC practice questions on Courseiva, each with a full explanation and wrong-answer analysis — not exam dumps or protected exam content. Learn why practice questions differ from exam dumps →
JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed August 2026 · checked against the official (ISC)² exam blueprint
This ISC practice question is part of Courseiva's free (ISC)² 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 ISC exam.