100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ARM 401 - Segment A With Solutions Verified By Experts $11.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. ARM 401
  4.  
  5. ARM 401

Exam (elaborations)

ARM 401 - Segment A With Solutions Verified By Experts
 0 purchase
  • Course
  • ARM 401
  • Institution
  • ARM 401

ARM 401 - Segment A With Solutions Verified By Experts Risk appetite Amount of risk an organization is willing to take on in order to achieve an anticipated result or return. Inherent risk The level of risk that would be faced if it were to remain untreated or no action were to be taken to ...

[Show more]

Preview 2 out of 8  pages

Document information

  • October 7, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • ARM 401
  • ARM 401

Seller

avatar-seller
StuviaTutors

Reviews received

Content preview

ARM 401 - Segment A With Solutions
Verified By Experts

Risk appetite Amount of risk an organization is willing to take on in order to achieve an

anticipated result or return.




Inherent risk The level of risk that would be faced if it were to remain untreated or no

action were to be taken to alter the level of risk.




Residual risk The level of risk remaining after actions are taken to alter the level of risk.




Optimum risk The level of risk that is within an organization's risk appetite.




Risk control A conscious act or decision not to act that reduces the frequency and/or

severity of losses or makes losses more predictable.




Energy transfer theory An approach to accident causation that views accidents as energy

that is released and that affects objects, including living things, in amounts or at rates that the

objects cannot tolerate.

, ARM 401 - Segment A With Solutions
Verified By Experts
Technique of operations review (TOR) An approach to accident causation that view the

cause of accidents to be a result of management's shortcomings.




Change analysis An analysis that projects the effects a given system change is likely to

have on an existing system.




Job safety analysis (JSA) An analysis that dissects a repetitive task, whether performed by

a person or machine, to determine potential hazards if each action is not performed.




System safety A safety engineering technique also used as an approach to accident

causation that considers the mutual effects of the interrelated elements of a system on one

another throughout the system's life cycle.




Conceptual phase A phase in the life of a system when the basic purpose and preliminary

design of the system are formulated.




Engineering phase A phase in the life of a system when the system's design is constructed

and prototypes are tested.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 StuviaTutors. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 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
$11.49
  • (0)
Add to cart
Added