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ARM 401 Vocabulary – Complete Study Guide
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ARM 401 Vocabulary – Complete Study Guide
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ARM 401 Vocabulary – Complete Study GuideRisk threshold Right Ans - The level of risk exposure above which risks are
addressed and below which risks may be accepted.
Sensor Right Ans - A device that responds to a physical stimulus (as heat,
light, sound, pressure, magnetism, or a particular motion) and transmits a
resulting impulse (as for measurement or operating a control).
Radio frequency identification (RFID) Right Ans - uses electronic tags and
labels to identify objects wirelessly over short distances
Artificial intelligence (AI) Right Ans - Simulates human intelligence such as
the ability to reason and learn
Computer vision Right Ans - a technology that simulates human vision.
Risk register Right Ans - A document in which the results of risk analysis
and risk response planning are recorded.
Risk map Right Ans - a grid detailing the potential frequency and severity
of risks faced by the organization
Risk appetite Right Ans - The degree of uncertainty an entity is willing to
take on, in anticipation of a reward.
Inherent risk Right Ans - susceptibility to significant control problems in
the absence of internal control
Residual risk Right Ans - the risk that remains after management
implements internal controls or some other response to risk
Optimum risk Right Ans - The level of risk that is within an organization's
risk appetite
Risk control Right Ans - A conscious act or decision not to act that reduces
the frequency and/or severity of losses or makes losses more predictable.
, Energy transfer theory Right Ans - An approach to accident causation that
views accidents as energy that is released and that affects objects, including
living things, in amounts or at rates that the objects cannot tolerate.
Technique of operations review (TOR) Right Ans - An approach to accident
causation that views the cause of accidents to be a result of management's
shortcomings.
Change analysis Right Ans - An analysis that projects the effects a given
system change is likely to have on an existing system.
Job safety analysis (JSA) Right Ans - An analysis that dissects a repetitive
task, whether performed by a person or machine, to determine potential
hazards if each action is not performed.
System safety Right Ans - A safety engineering technique also used as an
approach to accident causation that considers the mutual effects of the
interrelated elements of a system on one another throughout the system's life
cycle.
Conceptual phase Right Ans - A phase in the life of a system when the basic
purpose and preliminary design of the system are formulated.
Engineering phase Right Ans - A phase in the life of a system when the
system's design is constructed and prototypes are tested.
Production phase Right Ans - A phase in the life of a system when the
actual system is created.
Operational phase Right Ans - A phase in the life of a system when the
system is implemented
Disposal phase Right Ans - A phase in the life of a system when the system
reaches the end of its useful life and is disposed of.
Causal factors Right Ans - Factors that increase risk for an event.
Failure mode and effects analysis (FMEA) Right Ans - a systematic
approach to analyzing the causes and effects of product failures; An analysis
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