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ARM 401 Miscellaneous Exam Questions with Correct Answers.
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ARM 401 Miscellaneous Exam Questions withn n n n n
Correct Answers
n n
1. nIndenture nlevels n- nCorrect n nAnswer n- nAir-Freight nCompany nwants nto nuse nfailure nmode nand
neffects nanalysis n(FMEA) nto nanalyze nits nsystems, nsubsystems, ncomponents, nsub-assemblies, nand
nparts. nLevel n1 nis nthe noverall nsystem nfor nshipping nfreight. nLevel n2 nis nthe nsystem nsegments,
nwith nthe nprime nitems n(air nfreight nhubs, nschedulers, nand nlogistics) ndesignated nas nLevel n3. nLevel
n4 nis nthe nsubsystems n(local nfreight nhandlers, npackage nsorters, netc.). nLevel n5 nis nthe nhardware
nand nparts n(forklifts, nconveyor nbelts, nplanes, nand ndelivery nvans, netc.). nIn nFMEA, nthese nvarious
nsystems nand nsubsystems nare ncalled
A. nCritical nlevels.
B. nIndenture nlevels.
C. nComplexity nlevels.
D. nRisk npriority nlevels.
2. nOne nway nof npresenting na ncontinuous nprobability ndistribution nis nto ndivide nthe ndistribution
ninto na ncountable nnumber nof nbins. n- nCorrect n nAnswer n– n
Which none nof nthe nfollowing nstatements nis ncorrect nwith nrespect nto ncontinuous nprobability
ndistributions?
A. nOne nway nof npresenting na ncontinuous nprobability ndistribution nis nto ndivide nthe ndistribution
ninto na ncountable nnumber nof nbins.
B. nThere nare na nfinite nnumber nof npossible noutcomes nin na ncontinuous nprobability ndistribution.
C. nThey nare ntypically nused nfor nloss nfrequency nanalysis nrather nthan nseverity nanalysis.
D. nThey nare nmost neffectively nillustrated nusing ntables nand npie ncharts.
B. nTo nperpetuate na ncompetent nboard nthrough nregular nelections n- nCorrect n nAnswer n– n
Which none nof nthe nfollowing nis na nmajor nresponsibility nof ncorporate ndirectors?
,A. nTo nmanage ninvestments nand ndisbursements nof nthe ncorporation's nassets
B. nTo nperpetuate na ncompetent nboard nthrough nregular nelections
C. nTo nestablish nthe nprocedures nand noperational ngoals nfor neach ndepartment
D. nTo ncreate nthe nproper nannual nand ninterim nreports nfor nshareholders
D. nThe nrisk ntreatment nopportunity nto nfurther nreduce nrisk. n- nCorrect n nAnswer n–
nThe nrisk nmanagement ndepartment nat nComputer nHardware nCompany nuses nrisk nmaps nto ngraph
nand nanalyze nthe nrisks nfaced nby nthe ncompany. nOne narea nof nspecial nconcern nto nthe nrisk
nmanagement nteam nis nthe ndifference nbetween nresidual nrisk nand noptimum nrisk. nThis ndifference
nrepresents
A. nThe nrisk nthat ncannot nbe naltered nand nis nretained nby nthe nfirm.
B. nThe npotential nrisk nthat nthe norganization ndoes nnot ncurrently nface, nbut ncould nface nif
nconditions nchange
C. nThe nrisk nthat nis nhandled, nby ndefault, nthrough navoidance.
D. nThe nrisk ntreatment nopportunity nto nfurther nreduce nrisk.
A. nPurpose. n- nCorrect n nAnswer n- nDecision ntree nanalysis nand nevent ntree nanalysis nare nsimilar nin
na nnumber nof nways, nbut ndiffer nin ntheir
A. nPurpose.
B. nProcess.
C. nAppearance.
D. nApproach.
A. nThe nDelphi ntechnique. n- nCorrect n nAnswer n- nAfter na nmonth nin nwhich nthree nemployees nwere
nseriously ninjured nat ncompany npaper nmills, nAshley, nthe nrisk nmanager nof nBright nWhite nPaper
nCompany, nwanted nsome nanswers nabout nthe ncauses nof nemployee ninjuries. nAshley nindependently
ncontacted nthe nplant nmanager nand nforeman nat neach nof nthe ncompany's nplants. nShe nasked neach
nperson nto ncomplete na nconfidential nquestionnaire nregarding nsafety nprocedures. nAfter nreceiving
nthe nresponses nto nthe nquestionnaire, nAshley nsummarized nthe nresults nand nasked nthe nsame
nquestions nagain ninstructing neach nperson nto nconsider nrevising ntheir nresponses nbased non nthe
ninitial nquestionnaire nresults. nThe nanalysis nrevealed nthat nnew nworkers nwere nnot nbeing nproperly
ntrained nand nthat na nlax nattitude ntoward nsafety nwas npresent nat nthe nmajority nof nthe nplants. nThe
nteam napproach nto nrisk nidentification nAshley nemployed nis ncalled
A. nThe nDelphi ntechnique.
, B. nScenario nanalysis.
C. nSWOT nanalysis.
D. nHAZOP nanalysis
D. nBecause nof ntheir nsecurity, nblockchains ncan neliminate nthe nneed nto nverify nthe naccuracy nof nrisk
nmanagement ndata. n- nCorrect n nAnswer n- nWhich none nof nthe nfollowing nis na nmajor nbenefit nthat
nblockchain ntechnology nprovides nto nholistic nrisk nmanagement?
A. nBlockchain ntechnology nallows norganizations nto nshare ndata nthrough nwireless ninternet nand
nnetworking nservices. n
B. nBlockchain ntechnology ncan nmonitor ndriving nhabits nby nmeasuring nacceleration, nspeed, nbraking,
nand ndistance ntraveled.
C. nBlockchains ncan nmonitor nthings nsuch nas nheat, nmoisture, nnoise, nand nair nquality.
D. nBecause nof ntheir nsecurity, nblockchains ncan neliminate nthe nneed nto nverify nthe naccuracy nof nrisk
nmanagement ndata.
C. nIdentify nthe nvarious nways nof ninterrupting nthe nsequence nof nevents nleading nto nsystem nfailure
nso nthat nthe nfailure nitself ncan nbe nprevented. n- nCorrect n nAnswer n- nThe npurpose nof nfault ntree
nanalysis nis nto
A. nProject nconsequences nof nsome nfailure nof na nsystem ncomponent.
B. nQuantify nthe nprobability nof neach npossibility nidentified nin nthe nanalysis.
C. nIdentify nthe nvarious nways nof ninterrupting nthe nsequence nof nevents nleading nto nsystem nfailure
nso nthat nthe nfailure nitself ncan nbe nprevented.
D. nProvide nan nopportunity nto ndiscover nand ncorrect nany ndefects nin na nproduct nor nprocess nwhile
nit nis nstill nin nits nearly nengineering nphases.
D. nCloseness n- nCorrect n nAnswer n- nTom, nthe nregional nmanager nat nWestfork nMutual, nhas nplanned
na ncommunity nservice nday nfor nall nemployees. nHe nhas nasked nhis ntwo nassistant nmanagers, nJulian
nand nLeah, nto nspread nthe nword nto nother nemployees nand nencourage nthem nto nattend. nBased non
ncentrality nmeasures nof nthe ncompany's nemail ntraffic, nTom nis nconfident nthat nJulian nwill nspread
nthe nword nto nmore nemployees nmore nquickly nthrough nemail nthan nwill nLeah. nTom's nconfidence nis
nbased non nJulian's nhigh nscore nin nwhich none nof nthe nfollowing ncentrality nmeasures?
A. nDegree
B. nBetweenness
C. nAssociation
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