ARM 400 NEWEST 2024 ACTUAL EXAM
COMPLETE 200 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
When communicating a decision up the organization's chain of
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command, consulting with outside experts can help a risk
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management professional do which one of the following?
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A. Seek feedback from stakeholders
V V V
B. Stay focused on the organization's objectives
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C. Define the organization's risk appetite
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D. Enhance stakeholders' confidence in the process -
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ANSWER>>D
V
Which of the following risk management program goals is an
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essential goal for all public entities?
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A. Earning stability V
B. Continuity of operations V V
C. Growth
D. Survival - ANSWER>>B V V
The traditional definition of risk management reflects the
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traditional concept of risk as
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A. Both positive and negative.
V V V
B. Negative.
C. Uncontrollable.
D. Strategic. - ANSWER>>B V V
During the past year, International Toys has undertaken four
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capital projects. The company has renovated and refurbished
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one of its aging warehouse buildings. It has purchased the most
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,recent version of its current order processing computer
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software. It has added two trucks to its fleet of delivery
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vehicles. Lastly, it has purchased a new production machine
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that will allow it to launch a new product line. Which one of
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the following company projects is the most speculative risk?
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A. The two new trucks
V V V
B. The warehouse refurbishment
V V
C. The software upgrade
V V
D. The new production machine - ANSWER>>D
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Which one of the following statements is true regarding the
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basic measures that apply to risk management?
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,A. Consequences Vmeasure Vthe Vdegree Vto Vwhich Van
occurrence could positively or negatively affect an
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organization.
V
B. Hedging is a risk management strategy that can reduce the risk
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of correlation.
V V
C. Risk increases as volatility decreases.
V V V V
D. Longer time horizons are generally less risky that shorter ones.
V V V V V V V V V
- ANSWER>>A
V V
Which one of the following provides a measure of the
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maximum potential damage associated with an occurrence?
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A. Exposure
B. Duration
C. Underwriting risk V
D. Maximum probable loss - ANSWER>>A V V V V
Samuel was recently hired as a risk management professional
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for Parker Property Management. He has been asked by senior
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management to review the organization's current insurance
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policies to make sure that the organization is adequately
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protected, and also see if there are any opportunities to save on
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the premiums. Samuel must do which one of the following
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through internal communication before he will be able to
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complete this task?
V V V
A. Determine the organization's risk appetite V V V V
B. Identify all of the risks that the organization faces
V V V V V V V V
C. Earn the confidence of the organization's board of directors
V V V V V V V V
D. Become familiar with industry regulations - ANSWER>>A
V V V V V V
Catastrophes such as recent earthquakes and the 2011 tsunami
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in Japan pointed out a need for many organizations to evaluate
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and manage their
V V V
A. Supply-chain risk. V
B. Derivative risk. V
, C. Compliance Vrisk.
D. Political Vrisk. V- VANSWER>>A
Risk management professionals must collaborate with data
V V V V V V
analysts during which two steps of the risk management
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process?
V
A. Treat risks and monitor risk treatments
V V V V V
B. Scan the environment and analyze risks
V V V V V
C. Analyze risks and monitor risk treatments
V V V V V
D. Identify risks and treat risks - ANSWER>>C
V V V V V V
Asking a question such as "How do you think this will work
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out?" can help a speaker do which one of the following?
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A. Request feedback and determine if the message has been
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understood
V
B. Gain the support of executives and decision makers
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C. Build trust among a diverse group of individuals
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D. Deliver a message that recipients don't want to hear -
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ANSWER>>A
V
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