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ARM 401 Exam Practice Exam Questions with Correct Answers.
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ARM 401 Exam Practice Exam Questions with Correct Answers. ARM 401 Exam Practice Exam Questions with Correct Answers.ARM 401 Exam Practice Exam Questions with Correct Answers.ARM 401 Exam Practice Exam Questions with Correct Answers.ARM 401 Exam Practice Exam Questions with Correct Answers.ARM 401 ...

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  • August 29, 2024
  • 111
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • arm 401 exam practice exam questions with correct

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  • ARM 401
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ARM b401 bExam bPractice bExam bQuestions bwith
bCorrect bAnswers




A brisk bmap bshowing ba blarge bdifference bbetween binherent band bresidual brisk bindicates bwhich bone
bof bthe bfollowing?


A. bThe brisk bis bwithin bthe borganization's brisk bappetite

B. bThe bcurrent brisk btreatment bis bineffective

C. bThe bcurrent brisk btreatment bis beffective

D. bThe brisk bdoes bnot bneed bto bbe btreated b- bAnswer b- b b bC

Lucas, ba brisk bprofessional bfor bJones bIncorporated, brecently bmet bwith bexperts bfrom bthe butility
bindustry bto bdiscuss bthe bpotential bloss bof bsupply band brisks bto bthe binfrastructure. bLucas bmust
bnow bdecide bwhich brisks, band bproposed btreatments, bneed bto bbe bcommunicated bto bthe bboard
bof bJones bIncorporated. bLucas bshould bmake bthis bdecision bbased bon


A. bThe bsupply bsource binvolved.

B. bThe borganization's brisk bappetite band btolerance blevels.

C. bWhether bthe brisk bin bnatural bor bman-made.

D. bWhether bany bgovernment bregulations bare binvolved bor bnot. b- bAnswer b- b b bB

SoCal bMovie bCompany bproduces bmovies bat ba bstudio bin bSouthern bCalifornia. bThe brisk bmanager
bdecided bto bidentify bthe brange bof bpotential bconsequences bassociated bwith bvarious brisks bthat bthe
bcompany bfaces. bFor bexample, bif ba bsevere bearthquake boccurred bwhile bthe bcompany bwas bfilming
ba bmovie, bthere bcould bbe bdeaths band binjuries, bdestruction bof bmovie bsets, bdelays bin bproduction,
bcosts bassociated bwith bfilming bat ban balternative blocation, band bloss bof breputation band bgood bwill.
bThe btype bof banalysis bperformed bby bthe brisk bmanager bis bcalled


A. bSWOT banalysis.

B. bScenario banalysis.

,C. bSensitivity banalysis.

D. bHAZOP banalysis. b- bAnswer b- b b bB

Insurance bCompany b(IC) bsells bits bcoverages bthrough bindependent binsurance bagents. bIndependent
bagents brepresent bseveral binsurance bcompanies. bTom, bthe bpresident bof bIC, bhas blearned bthat bthe
bindependent bagent bwho bis bthe bhighest bproducer bfor bIC bis bconsidering bselling bhis bagency. bIC bis
bconsidering bacquiring bthe bagency bsince bTom bis bconcerned bthat bif bthe bagency bis bsold, bIC bmay
blose ba bsubstantial bamount bof bbusiness. bTom basked bIC's brisk bmanager bto banalyze bthe
bprospective bpurchase. bThe banalysis brevealed bthat bthe bacquisition bwould blikely bsecure bmost bof
bIC's bbook bof bbusiness bwith bthe bagency bbut balso brevealed blocal bcompetitors bthat bwould btry bto
bplace bthe bbusiness bas bwell. bIn baddition, bthe banalysis brevealed bthe bopportunity bfor bIC bto bmove
bsome baccounts bcurrently bplaced bwith bother binsurers bover bto bIC. bAlso, bit bwas blearned bthat ba
bcompetitor bexpressed ban binterest bin bthe bagency bacquisition. bThe banalysis bperformed bby bthe
brisk bmanager bis ba b- bAnswer b- b b bD


Murray bTrucking bis binterested bin bevaluating bwhich brisk bfactors bare bmost blikely bto blead bto bthe
bmost bcostly baccidents. bThey bare bevaluating brisk bfactors bsuch bas bspeed, bweather bconditions,
bdriver bexperience, bdistance btraveled, band bgross bvehicle bweight. bWhich bone bof bthe bfollowing
bstatistical bmeasurements bwould bbe buseful bfor bthe brisk bmanager bwhen bcalculating bthe
bprobability bof bthe bdifferent brisk bfactors bcausing bsevere baccidents?


A. bTelematics

B. bInverse bcovariance

C. bVariance

D. bMonte bCarlo bsimulation b- bAnswer b- b b bC

Blithe bManufacturing bhas bexperienced ba bdrop bin bmarket bshare. bThe bmarketing bdepartment bhas
bcome bup bwith ba bway bto bdifferentiate btheir bproduct bin border bto bregain bmarket bshare. bBlithe
bhas bassembled ba bteam bof bindividuals brepresenting bdifferent borganizational bfunctions bto banalyze
bboth binternal band bexternal bfactors bof bthe bnew bproduct band bdecide bwhether bor bnot bit bis
bfeasible. bWhich bone bof bthe bfollowing bteam bapproaches bto brisk bidentification bis bBlithe busing?


A. bDelphi btechnique

B. bHAZOP bworkshop

C. bSWOT banalysis

D. bScenario banalysis b- bAnswer b- b b bC

William bis ba bproject bmanager bfor bParker bInternational. bHe bhas bbeen bassigned ba bkey bproject
bwith ba bshort bdeadline. bWilliam brealizes bthat bthis bproject bis bgoing bto brequire brevising bthe bjob

,bduties bof bsome bindividuals band ba bcollaborative beffort bfrom bof ball bteam bmembers. bWhen
brevising bjob bduties, bWilliam bshould bdo bwhich bone bof bthe bfollowing?


A. bOverload bsome bindividuals bwith bmore bwork bthan bothers

B. bTry bto benrich bindividuals' bwork brather bthan bmerely bexpand bit

C. bRely bon bthe bmost bsenior bindividuals bto btake bon badditional bduties

D. bFocus bon bthe bindividuals' bpersonality brather bthan bresults b- bAnswer b- b b bB

Shelton bManufacturing bexecutives bare bgrowing bincreasingly bconcerned babout bwildfires band bthe
bpotential beffects bon bsupply bchain bmanagement. bAs bthe brisk bprofessional, bCarla bhas bbeen basked
bto bmeet bwith bexperts bon bthe bsubject band breport bback bto bthe bexecutive bteam. bWhich bone bof
bthe bfollowing bshould bCarla bdo bbefore bmeeting bwith bexternal bwildfire bexperts?


A. bCarla bshould bspeak bwith binternal bsubject-matter bexperts bin bhopes bthat bshe bcan bavoid
bneeding bthe bexternal bwildfire bexperts.


B. bCarla bshould bresearch bthe bfield band bget ba bworking bunderstanding bof bwildfires.

C. bCarla bshould bsolicit bquestions bfrom binternal bexperts band bsubmit bthem bto bthe bexternal
bwildfire bexperts.


D. bCarla bshould btry bto blearn bas bmuch bas bpossible babout bwildfires, bso bshe bcan bimpress bthe
bwildfire bexperts. b- bAnswer b- b b bB


An borganization bpracticing bholistic brisk bmanagement bwould bassess bthe bcost bof braw bmaterials
band bforeign bexchange brisk bunder bwhich bone bof bthe bfollowing bquadrants bof brisk?


A. bStrategic brisk

B. bFinancial brisk

C. bOperational brisk

D. bHazard brisk b- bAnswer b- b b bB

Risk bmaps bdiffer bfrom bother brisk bassessment btools band btechniques bin bwhich bone bof bthe
bfollowing bways?


A. bRisk bmaps bdissect bprocesses bwithin bthe borganization bfrom binput bto boutput bfor bthe bpurpose
bof bimproving bthem.


B. bRisk bmaps bidentify, bprioritize, band bquantify brisks bin ba btwo-dimensional bpictorial bthat
billustrates bfrequency band bseverity bon bvertical band bhorizontal baxes.


C. bRisk bmaps bhave bthe bpotential bto bidentify bboth bnegative brisks band bopportunity brisks.

, D. bRisk bmaps bare bable bto bquickly bexplore ba bvast bnumber bof bpossible boutcomes bbased bon blarge
bdatasets. b- bAnswer b- b b bB


As ba bbest bpractice, ba brisk bregister bshould bbe ban binteractive bcomputer bsystem. bWhich bone bof
bthe bfollowing bindividuals bshould bbe bresponsible bfor bcontinually bupdating brisk binformation?


A. bCustomer

B. bRisk bmanagement bprofessional

C. bRisk bowner

D. bChief bexecutive bofficer b- bAnswer b- b b bC

A btool bdeveloped bat bthe brisk bowner blevel bthat blinks bspecific bactivities, bprocesses, bprojects, bor
bplans bto ba blist bof bidentified brisks band bresults bof brisk banalysis band bevaluation; band bthat bis
bultimately bconsolidated bat bthe benterprise blevel bis bcalled ba


A. bRisk breport.

B. bRisk bmap.

C. bRisk bmatrix.

D. bRisk bregister. b- bAnswer b- b b bD

Which bone bof bthe bfollowing brisk bassessment btools bhas bthe bpotential bto bidentify bboth bnegative
brisks band bopportunity brisks?


A. bRisk bmaps

B. bAudits

C. bCause band beffect banalysis

D. bFailure bmode band beffects banalysis b- bAnswer b- b b bB

Emma bis ba brisk bmanagement bprofessional bat ba bchemical bengineering borganization. bA bnew
bprocess bis bbeing bdesigned band bEmma bhas bbeen btold bthat ball brisks bmust bbe bidentified band
beliminated bduring bthe bdesign bstage. bEmma bis ba brisk bmanagement bprofessional, bbut bnot ba
bchemical bengineering bexpert. bShe bhas bassembled ba bteam bof bengineering bexperts band
bstakeholders bto bidentify bthe brisk bassociated bwith bthe bprocess bby bsubdividing bthe bprocess binto
bcomponents band breviewing beach bcomponent band bthen brecommend bsolutions. bWhich bone bof
bthe bfollowing bteam bapproaches bto brisk bidentification bhas bEmma bchosen?


A. bDelphi btechnique

B. bSWOT banalysis

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