Arm 401 Study guides, Revision notes & Summaries

strategic risk - correct answer uncertainties associated with the organizations long term goals and management decisions operational risk - correct answer uncertainties associated with the organizations procedures, systems, and policies financial risk - correct answer uncertainties associated with the organizations financial activities facilitated workshops - correct answer a neutral party, who has no stake int he outcome or participation responsibilities, administers the risk w...

ARM 401 Exam Questions with Correct Answers holistic approach to managing risk - Answer--broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss ret...

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A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and risks to the infrastructure. Lucas must now ...

Brenda is the new risk manager at Telecom Company. She did a preliminary analysis to identify organizational risks. Brenda then scheduled a meeting of the organization's leaders, key employees, and other stakeholders. Brenda asked her assistant, Brian, to moderate the session since he is skilled in risk identification, and he is a skilled communicator as well. Brian encouraged brainstorming, and asked follow-up questions. After the session, Brenda and her risk management colleagues had a mu...

ARM 401 EXAM 1 | 113 QUESTIONS | WITH ALL PASSED SOLUTIONS!!

ARM 401 Exam Practice | 428 Actual Questions and Answers Verified by Expert | Latest Update 2024

ARM 401 EXAM 2 TEST BANK (HINKLE CHAPTER 23,HINKLE CHAPTER 25,RICCI CHAPTER 41,HINKLE CHAPTER 46 RICCI CHAPTER 48) QUESTIONS & ANSWERS SCORED A+

strategic risk - uncertainties associated with the organizations long term goals and management decisions operational risk - uncertainties associated with the organizations procedures, systems, and policies financial risk - uncertainties associated with the organizations financial activities facilitated workshops - a neutral party, who has no stake int he outcome or participation responsibilities, administers the risk workshop and propels the group to achieve its goal delphi technique - ...