Arm 400 exam 2023 Study guides, Class notes & Summaries

what two things lie at the base of every risk management concept - correct answerthe intersection of different types of risk a method for identifying, assessing, and treating all risks traditional risk assessment techniques focus on what - correct answerroot cause analysis - which identifies a loss's predominant cause what is wrong with Root Cause Analyses - correct answerit can only look backward and might not catch all root causes what are the 3 steps in how big data transforms RM -...

Which one of the following statements regarding the structure and role of a board of directors is true? Select one: A. The board of directors must be comprised of ten directors, with an equal number of inside and outside directors. B. The board is responsible for the day-to-day decisions at a corporation. C. Members of the board are appointed by the president of the company. D. Members of the board elect a director to be chairman of the board. - correct answerD. Members of the board elect a...

Sets of data that are too large to be gathered and analyzed by traditional methods - correct answerBig Data An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved - correct answerSmart Product A network of objects that transmit data to and from each other without human interaction - correct answerInternet of Things (IoT) Information, technology, and storag...

A.R.M. 400 Exam Practice Exam 2023 With Correct Answers… When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organization's objectives C. Define the organization's risk appetite D. Enhance stakeholders' confidence in the process D Which of the following risk management program goals is an essential goal f...

SRP stages -emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements -time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model purchasing BI insurance prioritization model prioritizing which pr...

ARM 400 Exam 2023!! Big Data Set of data that are too large to be gathered and analysed by traditional data. Strategic Redeployment Plan a comprehensive plan for resiliency after a severe disruption Business Impact Analysis (BIA) assesses identified risks and determines their overall effect on the firm's ability to meet its key objectives Risk Managers identify, evaluate and treat risks within stated risk appetites and risk tolerances. The risk management team monitors and reports on ...

Encouraging the expression of feelings as well as facts and following up with employees on the problems they report are two ways that managers and supervisors can A. Cultivate two-way communication. B. Facilitate active listening. C. Support diverse groups. D. Maintain control of the conversation. A. Cultivate two-way communication. Before speaking with a group or individual, the speaker should think about what he or she wants the other person(s) to do as a result of the conversation...

SRP stages - correct answer-emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan - correct answerdetermines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements - correct answer-time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model - correct answerpurchasing BI insurance ...

SRP stages - correct answer --emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan - correct answer -determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements - correct answer --time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model - correct answer -purchasing BI insu...

ARM 400 Exam 2023!! Big Data Set of data that are too large to be gathered and analysed by traditional data. Strategic Redeployment Plan a comprehensive plan for resiliency after a severe disruption Business Impact Analysis (BIA) assesses identified risks and determines their overall effect on the firm's ability to meet its key objectives Risk Managers identify, evaluate and treat risks within stated risk appetites and risk tolerances. The risk management team monitors and reports on ...