ARM 400 BUNDLED exam 2023 with 100% correct answers

Benefits of risk management (6) - correct answer1. 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) - correct answer1. exposure 2. volatil...

George works for a large company and part of his job is to monitor assets according to their liquidity. George is particularly concerned that the company fleet cars are affecting its liquidity and rising fuel prices are having an adverse effect during tight economic markets. If George's concerns we...

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 conversatio...

Provides a measure of the maximum potential damage associated with an occurrence -correct answer exposure ________________ is an essential goal for all public entities -correct answer continuity of operations An organization must meet the standard of care that it owes to others in order to e...

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...

Sets of data that are too large to be gathered and analyzed by traditional methods - correct answer -Big 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...

Big Data - correct answerSet of data that are too large to be gathered and analysed by traditional data. Strategic Redeployment Plan - correct answera comprehensive plan for resiliency after a severe disruption Business Impact Analysis (BIA) - correct answerassesses identified risks and determ...

Malware is defined as - correct answer -Software designed to cause damage. Donna's Dog Treats has been very successful in the Boston area and would like to expand to new cities. Donna knows that she cannot make this decision based on customer advice and blind faith. She has collected internal fi...

According to the law of large numbers, as the number of exposure units insured increases, - correct answer The relative accuracy of predictions about future losses increases The fundamental purpose of a risk management framework is to - correct answer Integrate risk management throughout the orga...

Traditional Risk Management (TRM) - correct answer- Risks are evaluated in a "silo" approach - Losses are usually insurable, pure risks -focus on cost reduction rather than value creation -root cause analysis (RCA) approach ERM - correct answerEnterprise Risk Management Enterprise Risk Ma...

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 app...