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ARM 401 - Chapter 1 Exam Questions with Correct Answers.
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ARM 401 - Chapter 1 Exam Questions withn n n n n n n
Correct Answers
n n
Strategic nRisk
Hazard nRisk
Operational nRisk n
Financial nRisk n- nCorrect n nAnswer n- nWhat nare nthe n4 nclassifications nof nrisks nin nthe nrisk nquadrant?
Strategic nRisk n- nCorrect n nAnswer n- nRisk nwith nuncertainties nassociated nwith nthe norganization's
nlong-term ngoals nand nmanagement ndecisions
Operational nRisk n- nCorrect n nAnswer n- nRisk nwith nuncertainties nassociated nwith nthe norganization's
nprocedures, nsystems nand npolicies
Financial nRisk n- nCorrect n nAnswer n- nRisk nwith nuncertainties nassociated nwith nthe norganization's
nfinancial nactivities
Facilitated nWorkshops n- nCorrect n nAnswer n- nA ntype nof nrisk nidentification nwhere na nneutral nparty,
nwho nhas nno nstake nin nthe noutcome nor nparticipation nresponsibilities, nadministers nthe nworkshop
nand npropels nthe ngroup nto nachieve nits ngoal
Delphi nTechnique n- nCorrect n nAnswer n- nA ntype nof nrisk nidentification nthat nuses nthe nopinions nof na
nselect ngroup nof nexperts nto nidentify nrisks
Scenario nAnalysis n- nCorrect n nAnswer n- nA ntype nof nrisk nidentification nthat nidentifies nrisks nand
npredicts nthe npotential nconsequences nof nthose nspecific nrisks
HAZOP n- nCorrect n nAnswer n- nA ntype nof nrisk nidentification nthat nis na ncomprehensive nreview nof na
nprocess nor nsystem.
SWOT n- nCorrect n nAnswer n- nA ntype nof nrisk nidentification nthat nassesses nan norganization's
nstrengths, nweaknesses, nopportunities nand nthreats
Risk nThreshold n- nCorrect n nAnswer n- nThe nrange nor namount nof nrisk nthat nis nacceptable
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