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ARM 400 Practice Exams Questions And Answers
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ARM 400 Practice Exams Questions And Answers
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ARM 400 Practice Exams Questions AndAnswers
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
organization
Which one of the following provides a measure of the maximum
potential damage associated with an occurrence? - correct answer
✅Exposure
Aligning risks with the organization's risk appetite defines - correct
answer ✅Tolerable uncertainty
An organization must meet the standard of care that it owes to others
in order to ensure that - correct answer ✅Legal obligations are
satisfied
Julian was having a conversation with Tania, one of his employees. At
this point, Julian said, "What I hear you say is that you would like to take
on more responsibility. Is that correct?" Which one of the following
elements of active listening was Julian illustrating? - correct answer
✅Response
,ARM 400 Practice Exams Questions And
Answers
During the past year, International Toys has undertaken four capital
projects. The company has renovated and refurbished one of its aging
warehouse buildings. It has purchased the most recent version of its
current order processing computer software. It has added two trucks to
its fleet of delivery vehicles. Lastly, it has purchased a new production
machine that will allow it to launch a new product line. Which one of
the following company projects is the most speculative risk? - correct
answer ✅The new production machine
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 - correct answer ✅Cultivate two-way
communication
Which one of the following risk management objectives is critical for a
manufacturer seeking new capital from investors, stockholders, and
creditors? - correct answer ✅Reduce the deterrent effects of hazard
risks
Which one of the following is a tool that can be used by fraud
investigators to compare documents and analyze notes? - correct
answer ✅Text mining
For an organization, a key performance indicator (KPI) measures the
performance of a specific activity at a predetermined level or amount.
, ARM 400 Practice Exams Questions And
Answers
Which one of the following is an example of a KRI based on a ratio? -
correct answer ✅Inventory turnover
Before speaking with a group or individual, the speaker should think
about what he or she wants the other person(s) to do as a result of the
conversation. Which one of the following steps in the communication
process does the speaker complete by doing this? - correct answer
✅Set a clear communication objective
Mid-State Packing Company, a meat processing company, is the largest
private sector employer in Metro City. First National Bank of Metro City
loans money to Mid-State Packaging Company and to many of the
employees of Mid-State. The problem with First National Bank of Metro
City loaning money to both the business and many employees of the
business is that - correct answer ✅Loan defaults are likely to be highly
correlated
Which one of the following statements is true with regard to
preventative analytics? - correct answer ✅Preventative analytics uses
smart products and data analytics to identify root loss causes and their
implications.
The emerging technologies applied to risk assessment and control link
the physical domain to the virtual domain. Together, these domains
linked by the emerging technologies create a - correct answer
✅connected ecosystem
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