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ARM 401 Exam Bundle

ARM 401 Exam Bundle

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ARM 401 Test Questions with 100% Complete Solutions

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holistic approach to managing risk - -broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess...

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ARM 401 Exam Practice Test Questions with 100% Complete Solutions

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A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated -...

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ARM 401 Exam Questions with Verified Solutions

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HAZOP Process Steps - 1. Divide project/system into small components 2. Review components to identify risk 3. Identify cause and potential outcomes of risks 4. Develop solutions to risks 5. Ensure solutions work and reevaluate SWOT analysis (strengths, weaknesses, opportunities, threats) -...

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ARM 401 Exam Questions with Complete Solutions| Rated A+

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strategic risk - uncertainties associated with the organizations long term goals and management decisions operational risk - uncertainties associated with the organizations procedures, systems, and policies financial risk - uncertainties associated with the organizations financial act...

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ARM 401 - Chapter 1 Questions with 100% Correct Solutions

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Strategic Risk Hazard Risk Operational Risk Financial Risk - What are the 4 classifications of risks in the risk quadrant? Strategic Risk - Risk with uncertainties associated with the organization's long-term goals and management decisions Operational Risk - Risk with uncertainti...

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ARM 401 Practice Exam Questions with Complete Answers

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Risk maps differ from other risk assessment tools and techniques in which one of the following ways? Risk maps identify, prioritize, and quantify risks in a two-dimensional pictorial that illustrates frequency and severity on vertical and horizontal axes. Vicki has been hired to investigate in...

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ARM 401 Quiz Questions with 100% Complete Solutions

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Brenda is the new risk manager at Telecom Company. She did a preliminary analysis to identify organizational risks. Brenda then scheduled a meeting of the organization's leaders, key employees, and other stakeholders. Brenda asked her assistant, Brian, to moderate the session since he is skilled in...

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ARM 401 Vocabulary Questions with 100% Correct Solutions

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Risk threshold - The level of risk exposure above which risks are addressed and below which risks may be accepted. Sensor - A device that responds to a physical stimulus (as heat, light, sound, pressure, magnetism, or a particular motion) and transmits a resulting impulse (as for measuremen...

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ARM 401 Chapter 2 - Part 2 Questions with 100% Complete Solutions Graded A+

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Accidents happen. There's no way to avoid that. But one marginal benefit that accidents offer is: In providing an opportunity to examine why they happened and, through that, perhaps the ability to learn how to avoid a repeat occurrence in the future. Often, an accident investigation focuses o...

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ARM 401 Quiz Questions with 100% Correct Solutions Rated A+

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Risk adjusted return on capital - (Revenue - Expense - Expected Loss + Income from Capital) / Economic capital Strategic Risk - Uncertainties associated with the organization's long-term goals and management decisions Operational Risk - Uncertainties associated with the organization...

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ARM 401 - Segment A - Chapters 1, 2, 3 Risk Identification, Risk Analysis, Risk Modeling Questions and Answers

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The Range or amount of risk that is acceptable - Risk Threshold A device that detects and measures stimuli in its environment - Sensor A technology that uses radio frequency to identify objects - Radio Frequency Identification (RFID) Computer processing or output that stimulates hu...

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