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Which of the following is NOT true for risk management capability maturity level 1?
Correct Answer: B
Section: Volume A Explanation: The enterprise with risk management capability maturity level 0 makes decisions without having much knowledge about the risk credible information. In level 1, enterprise takes decisions on the basis of risk credible information. Incorrect Answers: A, C, D: An enterprise's risk management capability maturity level is 1 when: * There is an understanding that risk is important and needs to be managed, but it is viewed as a technical issue and the business primarily considers the downside of IT risk. * Any risk identification criteria vary widely across the enterprise. * Risk appetite and tolerance are applied only during episodic risk assessments. * Enterprise risk policies and standards are incomplete and/or reflect only external requirements and lack defensible rationale and enforcement mechanisms. * Risk management skills exist on an ad hoc basis, but are not actively developed. * Ad hoc inventories of controls that are unrelated to risk are dispersed across desktop applications.