ARM 401 Exam Questions With Collect Update Answers
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Course
ARM 401
Institution
ARM 401
ARM 401 Exam Questions With Collect Update Answers
A 5 Whys analysis is used primarily for: - Answer -problems involving human factors, such as lack of managerial oversight
.A hold-harmless agreement, or indemnity agreement - Answer -a type of noninsurance measure that organizations can use t...
ARM 401 Exam Questions With Collect
Update Answers
A 5 Whys analysis is used primarily for: - Answer -problems involving human factors,
such as lack of managerial oversight
.A hold-harmless agreement, or indemnity agreement - Answer -a type of noninsurance
measure that organizations can use to receive reimbursement for cyber risk losses or to
transfer their cyber risk loss exposures
.A risk-based capital allocation model using RAROC has two main functions: - Answer -
To determine, ahead of time, the amount of risk associated with a business activity (in
effect, a risk management tool)
To assess, afterward, business results (serving, in effect, as a performance
management tool)
.Accuracy - Answer -This is simply a measure of how often the model predicts the
correct outcome; In model performance evaluation, a model's correct predictions divided
by its total predictions.
.Acid-Test (Quick) Ratio - Answer -The acid-test ratio is a more conservative measure
of liquidity than the current ratio because it includes only cash, marketable securities,
and accounts receivable in its numerator.
Acid-test ratio =(Cash + Marketable securities + Accounts receivable) ÷ Current
liabilities
.Although systems come in all shapes and sizes and with a multitude of subsystems
and subsubsystems, they all have four basic features. Can you name those four
features? - Answer -Every system will consist of these four parts: components, purpose,
environment, and life cycle.
.Artificial Intelligence - Answer -Computer processing or output that simulates human
reasoning or knowledge
.Avoidance - Answer -A risk control technique that involves ceasing or never
undertaking an activity so that the possibility of a future loss occurring from that activity
is eliminated. Reduces the probability of an activity's future loss to zero.
.Betweenness - Answer -The measure of how many times a particular node is part of
the shortest path between two other nodes in a network.
.Betweenness - Answer -The measure of how many times a particular node is part of
the shortest path between two other nodes in a network.
,.Big Data - Answer -Sets of data that are too large to be gathered and analyzed by
traditional methods
.Blockchain - Answer -A distributed digital ledger that facilitates secure transactions
without the need for a third party.
.Book Value (net depreciated value) - Answer -An asset's historical cost minus
accumulated depreciation
.Box Action Design - Answer -Earthquake-resistant construction, used in buildings
under three stories tall, that integrates roof and floor diaphragms that can flex to
transmit and distribute the forces an earthquake exerts on a structure
.Breach of Contract - Answer -The failure, without legal excuse, to fulfill a contractual
promise
.Business income insurance - Answer -covers losses a business suffers on its own
premises. This could be damage at a store or a plant owned by the business. The key
distinction is ownership
.Business Process Management (BPM) - Answer -An enterprise-wide approach that
looks to optimize business processes, making use of automatization when appropriate.
.capabilities - Answer -attributes that enable an enterprise to anticipate and overcome
disruptions
.Causal Factors - Answer -The agents that directly result in one event causing another
.Centrality Measure - Answer -In a social network context, the quantification of a node's
relationship to other nodes in the same network.
.Centrality Measure - Answer -In a social network context, the quantification of a node's
relationship to other nodes in the same network.
.Change Analysis (predictive) - Answer -An analysis that projects the effects a given
system change is likely to have on an existing system. As opposed to the other
techniques, which review accidents that occurred in an effort to discover their causes,
change analysis asks a series of what-if questions regarding a possible change in
process that has yet to occur. It then projects the consequences for the changes
.Classes of Occupancy - Answer -Assembly—Generally contains large numbers of
people who are unfamiliar with the spaces.
Educational—Includes large numbers of young people.
Daycare—Contains both young and senior occupants who are supervised by adults
other than their relatives or legal guardians.
, Healthcare—Contains occupants who are incapable of self-preservation and unable to
use exits, regardless of the number provided.
Ambulatory Healthcare—Similar to healthcare occupancies.
Detention and Correctional—House occupants are incapable of self-preservation
because of imposed security.
Residential—Includes occupants who are asleep for a portion of the time they occupy
the building and may be unaware of an incipient fire that could trap them before egress
occurs. Such occupancies include dwellings, rooming houses, hotels, dormitories, and
apartment buildings.
Residential Board and Care—Provides sleeping accommodations where residents also
receive personal care services by caretakers who live with them.
Mercantile—Contains large numbers of people who gather in a space that is relatively
unfamiliar to them and often also contains sizable quantities of combustible contents.
Business—Generally has a lower occupant density than mercantile occupancies, and
the occupants are usually more familiar with their surroundings.
Industrial—Exposes occupants to a wide range of processes and materials of varying
hazard.
Storage—Relatively low human occupancy in comparison to building size, and by varied
hazards associated with the materials stored.
.Classification Tree - Answer -A supervised learning technique that uses a structure
similar to a tree to segment data according to known attributes to determine the value of
a categorical target variable
.Closeness - Answer -The measure of the average distance, or path length, between a
particular node and the other nodes in a network.
.Closeness - Answer -The measure of the average distance, or path length, between a
particular node and the other nodes in a network.
.Cluster Analysis - Answer -A model that determines previously unknown groupings of
data
.Coefficient of Variation - Answer -It measures variation from a mean by dividing the
standard deviation of a distribution by its mean
.Collaboration vs. Cooperation - Answer -Collaboration is the act of working together to
achieve a shared objective. Cooperation is the act of working together to achieve
individual objectives instead of a shared objective
.Computer Vision - Answer -A technology that simulates human vision
.Conceptual Phase - Answer -A phase in the life of a system when the basic purpose
and preliminary design of the system are formulated
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