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UPDATED ARM TEST, ARM 400 EXAM (ACTUAL ) QUESTIONS 100%VERIFIED CORRECT ANSWERS
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UPDATED ARM TEST, ARM 400 EXAM (ACTUAL2024-2025) QUESTIONS 100%VERIFIED CORRECT
ANSWERS.
AMRM Insurance Company sells insurance in Virginia, North
Carolina, South Carolina, and Georgia. The company has
compiled a policyowner data base that can be used to send
text messages when hurricanes approach. The company
provides early warnings, storm updates from the National
Weather Service, and hurricane safety measures. The
company credits the system with reduced hurricane claims.
The use of the texting system is an example of
A. Preventive analytics.
B. Artificial intelligence.
C. Sensor networks.
D. Experience rating. - ANSWERS_______A
Successful organizations have goals and objectives. A
financial or nonfinancial measurement that defines how
successfully an organization is progressing toward its long-
term goals is referred to as
A. An objective gauge (OG).
B. A key performance indicator (KPI).
C. A critical success factor (CSF).
D. An operating standard (OS). - ANSWERS_______B
Key risk indicators (KRIs) help organizations identify issues
that can lead to losses. Effective KRIs are based on a
company's
,UPDATED ARM TEST, ARM 400 EXAM (ACTUAL
2024-2025) QUESTIONS 100%VERIFIED CORRECT
ANSWERS.
A. Product or industry.
B. Organizational structure.
C. Strategic objectives.
D. Sales volume. - ANSWERS_______C
As a market force to help align manager and shareholder
interests, takeover threats are
A. Only effective for directors and officers and have no effect
on managers.
B. Less likely now than in the past because of statutory
changes.
C. Only effective when the employment market for managers
is increasing.
D. Easily and quickly implemented and are highly effective. -
ANSWERS_______B
Humongous Corporation has announced that it seeks strategic
growth through acquisition. It is carefully eyeing a smaller
company, Tiny Corporation. Tiny Corporation is aware of
such scrutiny and interest. Within Tiny Corporation, a market
force that can help align interests of its corporate decision
makers and shareholders is which one of the following?
A. Regulatory action
B. Takeover threats
,UPDATED ARM TEST, ARM 400 EXAM (ACTUAL
2024-2025) QUESTIONS 100%VERIFIED CORRECT
ANSWERS.
C. Merger opportunities - ANSWERS_______B
Corporations do not always internalize the costs of their
decisions. Some costs are not borne by the corporation but are
a result of their decisions. One example of this is
A. Corporate philanthropy.
B. Pollution costs.
C. Payments to offshore subsidiaries.
D. Corporate compliance costs. - ANSWERS_______B
Which of the following statements best describes the risk
governance role and responsibility of a corporate board of
directors?
A. To set the organization's risk appetite and to stay informed
of the most significant risks to the organization and
management's responses.
B. To convert strategy into operational objectives and to
identify and assess the impact of risks on the achievement of
the objectives.
C. To establish risk management policies, to define risk
management roles and responsibilities, and to set risk
management implementation goals. - ANSWERS_______A
Which one of the following is a data governance committee
(DGC) responsibility?
, UPDATED ARM TEST, ARM 400 EXAM (ACTUAL
2024-2025) QUESTIONS 100%VERIFIED CORRECT
ANSWERS.
A. A data governance committee is charged with monitoring
the volume of big data within an organization.
B. A data governance committee ensures there are few
conflicts or redundancies in data standards and practices.
C. A data governance committee plays a key role in project
management for data projects.
D. A data governance committee both retrieves and prepares
metadata for use by an organization. - ANSWERS_______B
Which one of the following is an element of a data security
program?
A. Increasing the overall efficiency of data systems.
B. Implementing a data governance program.
C. Storing data back-ups off site.
D. Installing agile project management. -
ANSWERS_______C
There are two types of associated risk for data privacy,
individual and general risk. General data privacy risk
A. Varies by the type of business or industry.
B. Can be categorized operational or reputational.
C. Is of specific concern to the European Union.
D. Involves legal and regulatory requirements. -
ANSWERS_______B
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