Exam (elaborations)

ARM 400 Exam Practice Exam Questions & Answers Already Graded A+ march exam 2024

0 purchase

Course
ARM 400

Institution
Montclair State University

A.R.M. 400 Exam test bank correctly answered 2023When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organizatio

[Show more]

Preview 4 out of 100 pages

View example

Uploaded on March 13, 2024
Number of pages 100
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

arm 400
arm 400 exam test bank correctly answered

greatsolutions Member since 3 year 329 documents sold

$17.49

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

ARM 400 Exam Practice Exam Questions & Answers Already G raded A+ When communicating a decision up the organization's ch ain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organization's objectives C. Define the organization's risk appetite D. Enhance stakeholders' confidence in the process - ✓✓D Which of the following risk management program goals is an essential goal for all public entities? A. Earning stability B. Continuity of operations C. Growth D. Survival - ✓✓B The traditional definition of r isk management reflects the traditional concept of risk as A. Both positive and negative. B. Negative. C. Uncontrollable. D. Strategic. - ✓✓B During the past year, International Toys has undertaken four capital projects. The company has renovated and refu rbished one of its aging warehouse buildings. It has purchased the most recent version of its current order processing computer software. It has added two trucks to its fleet of delivery vehicles. Lastly, it has purchased a new production machine that will allow it to launch a new product line. Which one of the following company projects is the most speculative risk? A. The two new trucks B. The warehouse refurbishment C. The software upgrade D. The new production machine - ✓✓D Which one of the following statements is true regarding the basic measures that apply to risk management? A. Consequences measure the degree to which an occurrence could positively or negatively affect an organization. B. Hedging is a risk management strat egy that can reduce the risk of correlation. C. Risk increases as volatility decreases. D. Longer time horizons are generally less risky that shorter ones. - ✓✓A Which one of the following provides a measure of the maximum potential damage associated with an occurrence? A. Exposure B. Duration C. Underwriting risk D. Maximum probable loss - ✓✓A Samuel was recently hired as a risk management professional for Parker Property Management. He has been asked by senior management to review the organization's cur rent insurance policies to make sure that the organization is adequately protected, and also see if there are any opportunities to save on the premiums. Samuel must do which one of the following through internal communication before he will be able to comp lete this task? A. Determine the organization's risk appetite B. Identify all of the risks that the organization faces C. Earn the confidence of the organization's board of directors D. Become familiar with industry regulations - ✓✓A Catastrophes such as recent earthquakes and the 2011 tsunami in Japan pointed out a need for many organizations to evaluate and manage their A. Supply -chain risk. B. Derivative risk. C. Compliance risk. D. Political risk. - ✓✓A Risk management professionals must collaborate w ith data analysts during which two steps of the risk management process? A. Treat risks and monitor risk treatments B. Scan the environment and analyze risks C. Analyze risks and monitor risk treatments D. Identify risks and treat risks - ✓✓C Asking a que stion such as "How do you think this will work out?" can help a speaker do which one of the following? A. Request feedback and determine if the message has been understood B. Gain the support of executives and decision makers C. Build trust among a diverse group of individuals D. Deliver a message that recipients don't want to hear - ✓✓A Carla, the risk manager, was asked by senior management to deliver a presentation on cyber risk at an all employees meeting. Even though she was only allotted 30 minutes for her presentation, Carla felt that cyber risk was a very real risk for the corporation and she wanted employees to leave with some fear of it. She wanted to provide employees with as much technical information as possible, a nd familiarize them with all of the important jargon. Less than 20 minutes into her presentation,

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller greatsolutions. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Package deal ·

Exam (elaborations)

ARM 400 Exam Practice Exam Questions & Answers Already Graded A+ march exam 2024

Document information

Subjects

Written for