ARM 400 Complete Questions & Answers(Graded A+)

SRP stages - ANSWERS-emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan - ANSWERSdetermines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements - ANSWERS-time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model - ANSWERSpurchasing BI insurance prioritization model - ANSWERSprioritizing which products to produce or which customers to serve contingency model - ANSWERSdeveloping an alternative way to maintain production traditional risk assessment - ANSWERS-focus on root cause analysis -can only look backward -might not identify all root causes and the related events that contribute to a loss big data - ANSWERSsets of data that are too large to be gathered and analyzed by traditional methods the big data revolution is fueled by: - ANSWERSthe capture, storage, and analysis of big data data capture - ANSWERSenabled primarily by smart products interactions through the internet of things smart prodcuts - ANSWERSan 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 internet of things - ANSWERSA network of objects that transmit data to and from each other without human interaction cloud computing - ANSWERSstorage at remote locations through the internet without a direct server connection; enables vast amounts of data to be stored and shared blockchain - ANSWERSa distributed ledger that facilitates secure transactions without the need for a third party telematics - ANSWERSThe use of technological devices in vehicles with wireless communication and GPS tracking that transmit data to businesses or government agencies; some return information for the driver text mining - ANSWERSobtaining info through language recognition; can be used to compare documents and analyze notes tolerable uncertainty - ANSWERSaligned risks with the organization's risk appetite risk appetite - ANSWERSthe amount of risk an organization is willing to take on in order to achieve an anticipated result or return tolerable uncertainty components - ANSWERSreduce downside risk, earnings stability, anticipate and recognize emerging risks, business continuity continuity of operations - ANSWERSessential goal for all public entities holistic risk management goals - ANSWERStolerable uncertainty, profitability and growth, legal and regulatory compliance, social responsibility, reduced cost of risk, reduced deterrent effects of hazard risks reduced deterrent effects of hazard risks - ANSWERS-alleviates management's fears about potential losses -increases profit potential by greater participation in investment or production activities -makes org a safer investment and more attractive