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ARM 401 Segment B Assignment 6 Exam Questions with Correct Answers
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ARM 401 Segment B Assignment 6 Exam Questions with Correct Answers
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ARM 401 Segment B Assignment 6 Exam Questionswith Correct Answers
ABC is a small, regional brewery that has recently revised its entire operation following a devastating fire
at its plant. In restoring the plant to its full operating capacity, ABC's management installed a computer-
control system that centralizes and automates many of the business and manufacturing functions that
were once done by employees. The new computer system monitors the temperature of the beer
brewing in the vats, orders additional barley from the agricultural supplier when inventory is depleted,
receives shipments, and invoices customer product orders. As a result of the new system, ABC expects
to cut costs by more than 40% this year, primarily by reducing the number of employees from 200 to 70.
However, in addition to cutting costs, the innovative new system has created new loss exposures for
ABC as well. Which one of the following statements best describes a cyber risk-related net income loss
for ABC? - Answer - If the computer system goes down, ABC will not be able to manufacture and sell its
product
Errors and omissions (E&O) insurance is coverage designed to protect what professionals from failing to
recognize a coverage gap for a client's cyber loss exposure? - Answer - Producers
Pre-employment screening is an example of which one of the following types of risk control measures
for cyber risk? - Answer - Personnel control
Which one of the following is considered the most effective loss control method against potential losses
from computer hackers? - Answer - Computer passwords
The unauthorized intrusion into a company's computer network resulting in damage to intellectual
property is best classified as which one of the following types of cyber liability exposures? - Answer -
Intangible property
Directors and officers of a corporation have fiduciary duties, which include the duty of being - Answer -
Loyal.
The two categories of property that are exposed to loss from cyber risk are - Answer - Tangible and
intangible.
Specialized risk control measures are necessary for an organization to control cyber risk loss exposures.
Which one of the following risk control measures would be most effective at preventing cyber risk-
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