Exam (elaborations)
ARM 400.. questions and answers verified 2024
- Course
- Institution
ARM 400.. questions and answers verified 2024
[Show more]
Content preview
ARM 400Big Data - correct answer ✔Set of data that are too large to be gathered and
analysed by traditional data.
Strategic Redeployment Plan - correct answer ✔a comprehensive plan for
resiliency after a severe disruption
Business Impact Analysis (BIA) - correct answer ✔assesses identified risks
and determines their overall effect on the firm's ability to meet its key
objectives
Risk Managers - correct answer ✔identify, evaluate and treat risks within
stated risk appetites and risk tolerances. The risk management team monitors
and reports on risk management activities.
Privacy Impact Assessment (PIA) - correct answer ✔defines what data is
private and identifies the risk to that data.
4 Data Governance Goals - correct answer ✔Accuracy; Validity; Timeliness;
Completeness
Board of Directors - correct answer ✔sets the firms risk appetite and stays
aware of significant risks. They also determine the amount and types of risk
the firm will pursue, retain, reduce and avoid.
Corporate Governance Codes - correct answer ✔developed by governments
and business oversight organisations to provide broad guidance to corporate
boards and management.
, 3 Most Important Corporate Board Committees - correct answer ✔Audit
Committee; Compensation Committee; Nominations/Corporate Governance
Committee
Monitoring Costs - correct answer ✔the costs of overseeing corporate
decision makers (shareholders bear most of these costs)
Bonding Costs - correct answer ✔are the managers costs of demonstrating
that they are serving the shareholders interests (managers bear most of these
costs)
Incentive Alignment Costs - correct answer ✔costs of lost value because
managers interest of never perfectly aligned with shareholders' interest
(shareholders bear most of these costs)
Hierarchy Culture - correct answer ✔well defined decision making authority
with standardized rules and procedures
Market Culture - correct answer ✔Focuses on outward relationships and
prioritizes profitability, bottom-line results and stable customer bases
Clan Culture - correct answer ✔Views the firm as a family, emphasizes
teamwork, and encourages workers to suggest improvements to processes
Adhocracy Culture - correct answer ✔Emphasizes adaptability and shifts
authority as needed
Risk-Seeking (Naive) - correct answer ✔This attitude anticipates positive
results, often underemphasising a risk's potential negative effects
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 LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now