Package deal
ARM 400 BUNDLED exam 2023 with 100% correct answers
ARM 400 exam 2023 with 100% correct answers ARM 400 exam 2023 with 100% correct answers
[Show more]ARM 400 exam 2023 with 100% correct answers ARM 400 exam 2023 with 100% correct answers
[Show more]what two things lie at the base of every risk management concept - correct answer -the intersection of different types of risk 
a method for identifying, assessing, and treating all risks 
 
traditional risk assessment techniques focus on what - correct answer -root cause analysis - which identifies...
Preview 3 out of 23 pages
Add to cartwhat two things lie at the base of every risk management concept - correct answer -the intersection of different types of risk 
a method for identifying, assessing, and treating all risks 
 
traditional risk assessment techniques focus on what - correct answer -root cause analysis - which identifies...
Benefits of risk management (6) - correct answer1. tolerable uncertainty 
2. profitability and growth 
3. legal and regulatory compliance 
4. social responsibility 
5. reduced cost of risk 
6. reduced deterrent effects of hazard risk 
 
Basic risk measures (6) - correct answer1. exposure 
2. volatil...
Preview 2 out of 5 pages
Add to cartBenefits of risk management (6) - correct answer1. tolerable uncertainty 
2. profitability and growth 
3. legal and regulatory compliance 
4. social responsibility 
5. reduced cost of risk 
6. reduced deterrent effects of hazard risk 
 
Basic risk measures (6) - correct answer1. exposure 
2. volatil...
George works for a large company and part of his job is to monitor assets according to their liquidity. George is particularly concerned that the company fleet cars are affecting its liquidity and rising fuel prices are having an adverse effect during tight economic markets. If George's concerns we...
Preview 1 out of 3 pages
Add to cartGeorge works for a large company and part of his job is to monitor assets according to their liquidity. George is particularly concerned that the company fleet cars are affecting its liquidity and rising fuel prices are having an adverse effect during tight economic markets. If George's concerns we...
Encouraging the expression of feelings as well as facts and following up with employees on the problems they report are two ways that managers and supervisors can 
A. Cultivate two-way communication. 
B. Facilitate active listening. 
C. Support diverse groups. 
D. Maintain control of the conversatio...
Preview 3 out of 27 pages
Add to cartEncouraging the expression of feelings as well as facts and following up with employees on the problems they report are two ways that managers and supervisors can 
A. Cultivate two-way communication. 
B. Facilitate active listening. 
C. Support diverse groups. 
D. Maintain control of the conversatio...
Provides a measure of the maximum potential damage associated with an occurrence -correct answer exposure 
 
________________ is an essential goal for all public entities -correct answer continuity of operations 
 
An organization must meet the standard of care that it owes to others in order to e...
Preview 2 out of 9 pages
Add to cartProvides a measure of the maximum potential damage associated with an occurrence -correct answer exposure 
 
________________ is an essential goal for all public entities -correct answer continuity of operations 
 
An organization must meet the standard of care that it owes to others in order to e...
SRP stages - correct answer --emergency stage 
-alternative marketing stage 
-contingency production stage 
-communication stage 
 
strategic redeployment plan - correct answer -determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when...
Preview 3 out of 26 pages
Add to cartSRP stages - correct answer --emergency stage 
-alternative marketing stage 
-contingency production stage 
-communication stage 
 
strategic redeployment plan - correct answer -determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when...
Sets of data that are too large to be gathered and analyzed by traditional methods - correct answer -Big Data 
 
An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved...
Preview 3 out of 22 pages
Add to cartSets of data that are too large to be gathered and analyzed by traditional methods - correct answer -Big Data 
 
An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved...
Big Data - correct answerSet of data that are too large to be gathered and analysed by traditional data. 
 
Strategic Redeployment Plan - correct answera comprehensive plan for resiliency after a severe disruption 
 
Business Impact Analysis (BIA) - correct answerassesses identified risks and determ...
Preview 2 out of 11 pages
Add to cartBig Data - correct answerSet of data that are too large to be gathered and analysed by traditional data. 
 
Strategic Redeployment Plan - correct answera comprehensive plan for resiliency after a severe disruption 
 
Business Impact Analysis (BIA) - correct answerassesses identified risks and determ...
Malware is defined as - correct answer -Software designed to cause damage. 
 
Donna's Dog Treats has been very successful in the Boston area and would like to expand to new cities. Donna knows that she cannot make this decision based on customer advice and blind faith. She has collected internal fi...
Preview 1 out of 3 pages
Add to cartMalware is defined as - correct answer -Software designed to cause damage. 
 
Donna's Dog Treats has been very successful in the Boston area and would like to expand to new cities. Donna knows that she cannot make this decision based on customer advice and blind faith. She has collected internal fi...
According to the law of large numbers, as the number of exposure units insured increases, - correct answer The relative accuracy of predictions about future losses increases 
 
The fundamental purpose of a risk management framework is to - correct answer Integrate risk management throughout the orga...
Preview 2 out of 15 pages
Add to cartAccording to the law of large numbers, as the number of exposure units insured increases, - correct answer The relative accuracy of predictions about future losses increases 
 
The fundamental purpose of a risk management framework is to - correct answer Integrate risk management throughout the orga...
Traditional Risk Management (TRM) - correct answer- Risks are evaluated in a "silo" approach 
- Losses are usually insurable, pure risks 
-focus on cost reduction rather than value creation 
-root cause analysis (RCA) approach 
 
ERM - correct answerEnterprise Risk Management 
 
Enterprise Risk Ma...
Preview 3 out of 25 pages
Add to cartTraditional Risk Management (TRM) - correct answer- Risks are evaluated in a "silo" approach 
- Losses are usually insurable, pure risks 
-focus on cost reduction rather than value creation 
-root cause analysis (RCA) approach 
 
ERM - correct answerEnterprise Risk Management 
 
Enterprise Risk Ma...
When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? 
A. Seek feedback from stakeholders 
B. Stay focused on the organization's objectives 
C. Define the organization's risk app...
Preview 4 out of 64 pages
Add to cartWhen communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? 
A. Seek feedback from stakeholders 
B. Stay focused on the organization's objectives 
C. Define the organization's risk app...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller JUICYGRADES. Stuvia facilitates payment to the seller.
No, you only buy these notes for $40.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
82191 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now