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ARM 400 CHAPTER 1 questions and answers already solved 2024
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ARM 400 CHAPTER 1 questions and answers already solved 2024
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ARM 400 CHAPTER 1Julian was having a conversation with Tania, one of his employees. At one
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
Which one of the following statements is true regarding the basic measures
that apply to risk management? - correct answer ✔Consequences measure
the degree to which an occurrence could positively or negatively affect an
organization.
Which one of the following risk management program goals enhances an
organization's reputation? - correct answer ✔Social responsibility
One enterprise risk management (ERM) approach to categorizing risks
involves dividing risks into four risk quadrants. The risks categorized as
hazard risks are - correct answer ✔Traditionally managed by risk
management professionals.
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 Packing 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.
The fundamental purpose of a risk management framework is to - correct
answer ✔Integrate risk management throughout the organization.
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