10/14/24, 9:01 PM ARM 400 EXAM AND PRACTICE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 240 QUESTIONS AND CORRECT D…
ARM 400 EXAM AND PRACTICE EXAM NEWEST
2024- 2025 ACTUAL EXAM COMPLETE 240
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS)
Terms in this set (241)
When communicating a D
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
Which of the following risk B
management program
goals is an essential goal
for all public entities?
A. Earning stability
B. Continuity of operations
C. Growth
D. Survival
,10/14/24, 9:01 PM ARM 400 EXAM AND PRACTICE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 240 QUESTIONS AND CORRECT D…
The traditional definition B
of risk management
reflects the traditional
concept of risk as
A. Both positive and
negative.
B. Negative.
C. Uncontrollable.
D. Strategic.
During the past year, D
International Toys has
undertaken four capital
projects. The company has
renovated and refurbished
one of its aging
warehouse buildings. It
has purchased the most
recent version of its
current order processing
computer software. It has
added two trucks to its
fleet of delivery vehicles.
Lastly, it has purchased a
new production machine
that will allow it to launch
a new product line. Which
one of the following
company projects is the
most speculative risk?
A. The two new trucks
B. The warehouse
refurbishment
C. The software upgrade
D. The new production
machine
,10/14/24, 9:01 PM ARM 400 EXAM AND PRACTICE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 240 QUESTIONS AND CORRECT D…
Which one of the A
following statements is
true regarding the basic
measures that apply to risk
management?
A. Consequences measure
the degree to which an
occurrence could
positively or negatively
affect an organization.
B. Hedging is a risk
management strategy that
can reduce the risk of
correlation.
C. Risk increases as
volatility decreases.
D. Longer time horizons
are generally less risky
that shorter ones.
Which one of the A
following provides a
measure of the maximum
potential damage
associated with an
occurrence?
A. Exposure
B. Duration
C. Underwriting risk
D. Maximum probable loss
, 10/14/24, 9:01 PM ARM 400 EXAM AND PRACTICE EXAM NEWEST 2024- 2025 ACTUAL EXAM COMPLETE 240 QUESTIONS AND CORRECT D…
Samuel was recently hired A
as a risk management
professional for Parker
Property Management. He
has been asked by senior
management to review the
organization's current
insurance policies to make
sure that the organization
is adequately protected,
and also see if there are
any opportunities to save
on the premiums. Samuel
must do which one of the
following through internal
communication before he
will be able to complete
this task?
A. Determine the
organization's risk appetite
B. Identify all of the risks
that the organization faces
C. Earn the confidence of
the organization's board
of directors
D. Become familiar with
industry regulations
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