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ARM 401 - Segment A - Chapters 1, 2, 3 Exam Questions with Correct Answers.
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ARM 401 - Segment A - Chapters 1, 2, 3 Exam Questions with Correct Answers.
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ARM v401 v- vSegment vA v- vChapters v1, v2, v3 vExamvQuestions vwith vCorrect vAnswers
The vRange vor vamount vof vrisk vthat vis vacceptable v- vCorrect v vAnswer v- vRisk vThreshold
A vdevice vthat vdetects vand vmeasures vstimuli vin vits venvironment v- vCorrect v vAnswer v- vSensor
A vtechnology vthat vuses vradio vfrequency vto videntify vobjects v- vCorrect v vAnswer v- vRadio vFrequency
vIdentification v(RFID)
Computer vprocessing vor voutput vthat vstimulates vhuman vreasoning vor vknowledge v- vCorrect v
vAnswer v- vArtificial vintelligence v(AI)
A vtechnology vthat vstimulates vhuman vvision v- vCorrect v vAnswer v- vComputer vvision
A vtool vdeveloped vat vthe vrisk vowner vlevel vthat vlinks vspecific vactivities, vprocesses, vprojects, vor
vplans vto va vlist vof videntified vrisks vand vresults vof vrisk vanalysis vand vevaluation vand vthat vis
vultimately vconsolidated vat vthe venterprise vlevel v- vCorrect v vAnswer v- vRisk vRegister
A vtemplate vdepicting vthe vlikelihood vand vpotential vimpact/consequences vof vrisks v- vCorrect v
vAnswer v- vRisk vMap
Amount vof vrisk van vorganization vis vwilling vto vtake von vin vorder vto vachieve van vanticipated vresult
vor vreturn v- vCorrect v vAnswer v- vRisk vappetite
The vlevel vof vrisk vthat vwould vbe vfaced vif vit vwere vto vremain vuntreated vor vno vaction vwere vto vbe
vtaken vafter vthe vlevel vof vrisk v- vCorrect v vAnswer v- vInherent vRisk
The vlevel vof vrisk vremaining vafter vactions vare vtaken vto valter vthe vlevel vof vrisk v- vCorrect v vAnswer
v- vResidual vRisk
The vlevel vof vrisk vthat vis vwithin van vorganization's vrisk vappetite v- vCorrect v vAnswer v- vOptimum vrisk
The vmeasure vof vhow vto vrandom vrisk vvariables vwill vchange vin vrelationship vto veach vother; vIt's
vused vto vcalculate vthe vcorrelation vbetween vvaribales v- vCorrect v vAnswer v- vCovariance
The vspread vof vthe vdata vset v- vor vhow vfar vapart vthe vnumbers vare vin vrelation vto vthe vmean
v(average) v- vCorrect v vAnswer v- vVariance
, Technique: vA vneutral vparty, vwho vhas vno vstake vin vthe voutcome vor vparticipation vresponsibilities,
vadministers vthe vrisk vworkshop vand vpropels vthe vgroup vto vachieve vits vgoals
Can vbe vused vfor va vspecific vproject vor vprocess, vas vwell vas vto videntify vthose vrisks vthat vaffect
voverall vorganizational vobjectives v- vCorrect v vAnswer v- vFacilitated vWorkshops
-Technique: vUses vthe vopinions vof vselect vgroup vof vexperts vto videntify vrisks.
-Typically, vthese vexperts vdon't vmeet vbut vrespond vto va vsurvey vor vinquiry vinstead
-Submits vtwo vrounds vof vqueries vto vthe vselected vexperts
-First, veach vexpert vresponds vto va vquestion vand vthe vcombined vanswers, vwhich vremain
vanonymous, vare vpresented vto vthe vgroup
-The vsame vquestion vis vthen vposed vagain vto vthe vexperts, vwho vare vinstructed vto vconsider vrevising
vtheir vresponses vbased von vthe vresults vthat vwere vreported vto vthe vgroup
-This vtechnique vwas voriginally vused vto vforecast vnew vdevelopments, vsuch vas vinnovations vin vtech v-
vCorrect v vAnswer v- vDelphi vTechnique
Benefits vof vDelphi vTechnique v- vCorrect v vAnswer v- v-Cost-effective vbecause vit vdoesn't vrequire vthe
vresources vnecessary vto vassemble va vfacilitated vworkshop vof vexperts
-Keeping vresponses vanonymous vcan veliminate vgroup vbias vand vencourage vparticipants vto vgive
vhonest vanswers
Disadvantage vof vDelphi vTechnique v- vCorrect v vAnswer v- vExperts vopinions vmay vbe vlimited vto vtheir
vcurrent vthinking von va vsubject
Technique: vIdentifies vrisks vand vpredicts vthe vpotential vconsequences vof vthose vspecific vrisks
Benefit: vBrings vall vof vthese vconcerns vtogether, vso vthey vcan vbe vaddressed vas va vwhole
Disadvantage: vThe vrisk videntification vprocess vmay vbe vlimited vby vthe vimagination vand
vbrainstorming vcapabilities vof vthe vteam vselected, vwhich vcould vlead vto voverlooking vkey vrisks vor
vconsequences vof vrisks v- vCorrect v vAnswer v- vScenario vAnalysis
Technique: vA vteam vof vsubject vmatter vexperts vand vstakeholders videntifies vthe vrisks vassociated
vwith va vgiven vprocess vand vrecommends va vsolution
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