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FRM BUNDLED Exams 2023 with 100% correct answers
FRM Exam 2023 with 100% correct answers FRM- exam 1 2023 with 100% correct answers
[Show more]FRM Exam 2023 with 100% correct answers FRM- exam 1 2023 with 100% correct answers
[Show more]Shortcomings of risk metrics 
-May not scale over time 
-Historical data may be meaningless 
-Not designed to account for catastrophes 
-VaR says nothing about losses in excess of VaR 
-May not handle sudden illiquidity 
 
 
 
Importance of communication for risk managers 
Need to assess risk and te...
Preview 3 out of 29 pages
Add to cartShortcomings of risk metrics 
-May not scale over time 
-Historical data may be meaningless 
-Not designed to account for catastrophes 
-VaR says nothing about losses in excess of VaR 
-May not handle sudden illiquidity 
 
 
 
Importance of communication for risk managers 
Need to assess risk and te...
Considers both the consumption or resources and the availability/expenditure of human resources by family members 
family resource management 
 
 
 
Key concepts in family resource management 
Interdependency of individuals 
Dynamic environment 
Conscious effort to meet needs of all 
FRM is a proces...
Preview 3 out of 18 pages
Add to cartConsiders both the consumption or resources and the availability/expenditure of human resources by family members 
family resource management 
 
 
 
Key concepts in family resource management 
Interdependency of individuals 
Dynamic environment 
Conscious effort to meet needs of all 
FRM is a proces...
Risk 
Arises from the uncertainty regarding and entities future losses as well as future gaines 
 
 
 
Risk management 
The sequence of activities aimed to reduce or eliminate an entitiy's potential to encourage expected losses. On top of that there is the need to manage the unexpected variability ...
Preview 2 out of 5 pages
Add to cartRisk 
Arises from the uncertainty regarding and entities future losses as well as future gaines 
 
 
 
Risk management 
The sequence of activities aimed to reduce or eliminate an entitiy's potential to encourage expected losses. On top of that there is the need to manage the unexpected variability ...
Advantages of formation 
Concentration of force, mutual support, improved command and control 
 
 
 
What is not an NFO responsibility during a FRM flight 
pilot stuff, concentration on smooth reference for wingman to follow 
 
 
 
Where is the official callsign of the flight found and who will you ...
Preview 2 out of 6 pages
Add to cartAdvantages of formation 
Concentration of force, mutual support, improved command and control 
 
 
 
What is not an NFO responsibility during a FRM flight 
pilot stuff, concentration on smooth reference for wingman to follow 
 
 
 
Where is the official callsign of the flight found and who will you ...
banks 
for profit, more services, higher fees, lower interest rates 
 
 
 
credit unions 
non profit, higher interest rates, lower fees, shareholders (membership) 
 
 
 
sunk cost 
already lost it 
 
 
 
resource theory 
people try to meet their needs in the context of social interaction 
 
 
 
6 ty...
Preview 1 out of 3 pages
Add to cartbanks 
for profit, more services, higher fees, lower interest rates 
 
 
 
credit unions 
non profit, higher interest rates, lower fees, shareholders (membership) 
 
 
 
sunk cost 
already lost it 
 
 
 
resource theory 
people try to meet their needs in the context of social interaction 
 
 
 
6 ty...
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