Risk in an evolving world - Study guides, Class notes & Summaries

ARM 400: Risk in an Evolving World Exam Review |Questions and Verified Answers| 100% Correct| Grade A (Latest 2024 Update) what two things lie at the base of every risk management concept - ANSWER the intersection of different types of risk a method for identifying, assessing, and treating all risks traditional risk assessment techniques focus on what - ANSWER root cause analysis - which identifies a loss'...

ARM 400: Risk in an Evolving World Exam Review |Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: Risk can be classified as subjective or objective. Which one of the following statements is correct with respect to these risk classifications? Answer: subjective risk can exist even where objective risk does not Q: Asking a question such as "How do you think this will work out?" can help a speaker do which of the following? Answer: request fee...

ARM 400: RISK IN AN EVOLVING WORLD EXAM REVIEW |QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A

ARM 400: Risk in an Evolving World Exam Review |Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update 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 - ...

ARM 400: Risk in an Evolving World Exam Review |Questions and Verified Answers| 100% Correct| Grade A (Latest 2024 Update) Provides a measure of the maximum potential damage associated with an occurrence - ANSWER exposure ________________ is an essential goal for all public entities - ANSWER continuity of operations An organization must meet the...

ARM 400,Risk in an Evolving World Exam Prep |Guide with Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: tolerable uncertainty components Answer: reduce downside risk, earnings stability, anticipate and recognize emerging risks, business continuity Q: continuity of operations Answer: essential goal for all public entities Q: holistic risk management goals Answer: tolerable uncertainty, profitability and growth, legal and reg...

ARM 400,Risk in an Evolving World Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company credits the system with reduced ...

ARM 400,Risk in an Evolving World Exam | Practice Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: The Committee of Sponsoring Organizations of the Treadway Commission (COSO) describes internal control as consisting of five essential components, one of which is risk assessment. This component Select one: A. Verifies adherence to control results and assists in identifying other procedures that the entity may wish to adopt. B. Should be included in the audi...

ARM 400_ Risk in an Evolving World Exam Practice Questions and Verified Answers_ 100% Correct_ Grade A (New 2023/ 2024 Update) QUESTION All of the following are true regarding the composition of boards of directors, EXCEPT: Select one: A. Corporate boards are uniform in size with 13 directors. B. Boards include both inside directors and outside directors. C. Directors elect the chairman of the board. D. Outside directors serve on the compensation committee. Answer: A. Corpo...

WGU D333 Ethics in Technology – Exam Questions and answers, latest Update. acceptable use policy (AUP) A document that stipulates restrictions and practices that a user must agree in order to use organizational computing and network resources. acceptance When an organization decides to accept a risk because the cost of avoiding the risk outweighs the potential loss of the risk. A decision to accept a risk can be extremely difficult and controversial when dealing with safety-critical sy...