Arm 400 exam stuvia - Study guides, Class notes & Summaries

Benefits of risk management (6) - Answer 1. tolerable uncertainty 2. profitability and growth 3. legal and regulatory compliance 4. social responsibility 5. reduced cost of risk 6. reduced deterrent effects of hazard risk Basic risk measures (6) - Answer 1. exposure 2. volatility 3. likelihood 4. consequences 5. time horizon 6. correlation 3 pairs of risk classifications - Answer 1. pure-speculative 2. subjective-objective 3. diversifiable-nondiversifiable 4 risk quadrants -...

Key Performance Indicators (KPIs) - Answer A measurement that defines how successfully an organization is progressing toward its long-term goals. KPIs measure activity tied to a CSF. Critical Success Factors (CSFs) - Answer An element, necessary for an organization's success, that is derived from a strategic objective. KPIs measure activity tied to a CSF. CSF is an activity an organization must perform to achieve a goal. Risk Tolerance - Answer The amount of uncertainty an organization is...

Which of the following risk management program goals is an essential goal for all public entities? - Answer Continuity of operations The fundamental purpose of a risk management framework is to - Answer Integrate risk management throughout the organization. Which one of the following is a tool that can be used by fraud investigators to compare documents and analyze notes? - Answer Text mining Samuel was recently hired as a risk management professional for Parker Property Management. He ...

Which of the following risk management program goals is an essential goal for all public entities? - ANSWERSContinuity of operations The fundamental purpose of a risk management framework is to - ANSWERSIntegrate risk management throughout the organization. Which one of the following is a tool that can be used by fraud investigators to compare documents and analyze notes? - ANSWERSText mining Samuel was recently hired as a risk management professional for Parker Property Management. He ...

HESI FUNDAMENTALS REVIEW 2023/2024 NEW QUESTIONS INCLUDED GRADED A+ HESI FUNDAMENTALS 1. Transdermal top or bottom- goes into bottom layer of skin 2. Patient bilateral ear pain, what to do- ask for pain relief prescription such as acetaminophen 3. Low back pain due to surgery, how do you position patient- Sit with a back support (such as a rolled-up towel) at the curve of your back. Keep your hips and knees at a right angle. (Use a foot rest or stool if necessary.) Your legs should n...