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ARM 402 CHAPTER 1 (PART 2) 2024 UPDATE QUESTIONS AND VERIFIED ANSWERS GRADE A+ GET IT 100% CORRECT $22.99
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ARM 402 CHAPTER 1 (PART 2) 2024 UPDATE QUESTIONS AND VERIFIED ANSWERS GRADE A+ GET IT 100% CORRECT

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ARM 402 CHAPTER 1 (PART 2) 2024 UPDATE QUESTIONS AND VERIFIED ANSWERS GRADE A+ GET IT 100% CORRECT

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  • May 28, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • ARM 402 CHAPTER 1
  • ARM 402 CHAPTER 1

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ARM 402 CHAPTER 1 (PART 2) 2024 UPDATE
QUESTIONS AND VERIFIED ANSWERS GRADE A+
GET IT 100% CORRECT

To achieve strategic objectives, every companymust find ways to:
Pay for the corresponding risks and treatments.
So risk financing must be part of every company's:
Holistic risk management strategy.
The more risk a company retains to pursue opportunities:
The more funds it must allocate to finance those risks.
These funds are then used to apply the risk treatments of:
Avoidance, modification, transfer, and retention.
Technological advancements have affected all types of risk treatment, with these
treatment types being affected most:
Modification and transfer.
Technology has spurred significant improvements in:
Processing risk-related financial transactions.
Because technology, and its risk management ramifications, evolves too fast for
any single person to keep track of, companies that use these techniques are in a
better position to take full advantage of emerging technologies:
Risk committees composed of cross-functional decision makers and stakeholders, and
discuss emerging risks and potential technological treatments .
A risk management technique that includes steps to pay for or transfer the cost
of losses, is called:
Risk financing.
Risk financing, involves:
Transfer or retention of risk.
Risk financing is a form of risk treatment that is needed to:
Pay for the cost of a company's risks. Technology is dramatically changing the risk
financing environment.
Risk management professionals who understand the impact of technology on
this area will be better positioned to:
Select the most appropriate financing for their companies' risks.
A network of objects that transmit data to computers, is called:
Internet of Things I O T.
The use of technological devices in vehicles with wireless communication and
GPS tracking that transmit data to businesses or government agencies; some
return information for the driver, is called:
Telematics.
In the past, risk management focused on:
Examining the causes of past losses in order to identify and implement ways to prevent
future losses.

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