ARM 400 EXAM AND PRACTICE EXAM
NEWEST ACTUAL EXAM 2024-2025
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |
ALREADY GRADED A+
Risk can be classified as diversifiable or nondiversifiable.
Which one of the following statements is true with respect
to this type of risk classification?
A. Diversifiable risks tend not to be correlated so they can
be managed through diversification or spread of risk.
B. Systemic risks are generally diversifiable.
C. Private insurance tends to concentrate on
nondiversifiable risks; government insurance is often
suitable for diversifiable risks.
D. Inflation, unemployment and natural disasters, such as
hurricanes, are examples of diversifiable risk. Correct
Answer A
The fundamental purpose of a risk management
framework is to
A. Maximize profits for all stakeholders.
B. Integrate risk management throughout the organization.
C. Define and eliminate potential losses.
D. Reduce the cost of risk. Correct Answer B
Which one of the following is one of the five steps of the
risk management process?
A. Align and integrate
,B. Establish accountability
C. Scan environment
D. Allocate resources Correct Answer C
Which one of the following best explains how most smart
products potentially improve risk management?
A. They measure worker fatigue.
B. They scan and inspect structures for unsafe conditions.
C. They assess risks in dangerous areas.
D. They generate big data to which advanced analytics
can be applied. Correct Answer D
Clear-Rite Company specializes in the clean-up of
hazardous chemical spills. Workers performing clean-up
operations must use safety suits to prevent exposure to
the chemicals. The suits include pulse and respiration
monitors, body temperature sensors, and chemical
sensors. The monitors and sensors report data to a mobile
operations center which is deployed to each clean-up site.
The pulse and respiration monitors and the sensors that
are part of the protective gear are called
A. Magnetometers.
B. Drone technologies.
C. Wearable technologies.
D. Accelerometers. Correct Answer C
Data Entry Company (DEC) offers customers data entry
services. A customer can hire DEC to enter survey data to
be analyzed. Many DEC employees spend long hours
entering data on a computer. DEC has experienced neck
strain and wrist pain complaints from their employees,
,increasing the company's workers compensation costs.
DEC investigated the complaints of its data-entry
employees. DEC adopted curved keyboards for data
entry, wrist-rests for those entering data, and uniform chair
heights and display monitor heights to reduce neck strain
claims. The science of designing work spaces based on
the health concerns of those who will operate in the work
space is called
A. Big data.
B. Accelerometer technology.
C. Predictive analytics.
D. Ergonomics. Correct Answer D
Which one of the following statements about the use of
drones is true?
A. The use of drones is limited to military applications.
B. Space and weight limitations prevent drones from being
equipped with sensors and cameras.
C. Drones may be equipped with cameras that relay data
in real-time.
D. The reliance on humans to operate drones severely
limits their application for commercial uses. Correct
Answer C
Many auto manufacturers have automated a portion of
their assembly lines by introducing a smart product. The
smart product performs repetitive tasks, such as making
the same weld on each vehicle frame as it passes the
smart product. These smart products, which can be fixed
or mobile, reduce repetitive motion injuries that humans
might suffer. They can also be used to perform dangerous
, tasks and in heavy-lifting jobs. These smart products are
called
A. Wearables.
B. Automated sensors.
C. Robots.
D. Drones. Correct Answer C
A municipal water plant installed water flow sensors and
water pressure sensors on the water pipes leaving the
plant. The sensors make sure water is flowing properly
and that there are no leaks or clogs which could produce a
loss. These types of sensors are
A. Thermal sensors.
B. Mechanical sensors.
C. Biochemical sensors.
D. Radiant sensors. Correct Answer B
In addition to metal detectors, many airports have installed
a second type of scanning technology for checked
baggage and cargo. The checked bags and cargo pass
through a portal with scanners programmed to detect and
test for explosive trace fumes. These scanners, which
detect explosives based on air samples, are an example
of what type of sensor used for risk assessment and
control?
A. Radiant sensors.
B. Thermal sensors.
C. Biochemical sensors.
D. Mechanical sensors. Correct Answer C
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