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ARM 401 Exam – Questions And Answers (Well Detailed)
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ARM 401 Exam – Questions And Answers (Well Detailed)
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ARM 401 Exam – Questions And Answers (WellDetailed)
Big data Right Ans - Sets of data that are too large to be gathered and
analyzed by traditional methods.
Smart product Right Ans - "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."
Internet of Things (IoT) Right Ans - A network of objects that transmit data
to and from each other without human interaction.
Cloud computing Right Ans - "Information, technology, and storage
services contractually provided from remote locations, through the internet
or another network, without a direct server connection."
Blockchain Right Ans - A distributed digital ledger that facilitates secure
transactions without the need for a third party.
Telematics Right Ans - The use of technological devices in vehicles with
wireless communication and GPS tracking that transmit data to businesses or
government agencies; some return information for the driver.
Text mining Right Ans - Obtaining information through language
recognition.
Risk appetite Right Ans - Amount of risk an organization is willing to take
on in order to achieve an anticipated result or return.
Value at risk (VaR) Right Ans - A technique to quantify financial risk by
measuring the likelihood of losing more than a specific dollar amount over a
specific period of time.
Cost of risk Right Ans - The total cost incurred by an organization because
of the possibility of accidental loss.
, Exposure Right Ans - "Any condition that presents a possibility of gain or
loss, whether or not an actual loss occurs."
Volatility Right Ans - "Frequent fluctuations, such as in the price of an
asset."
Likelihood Right Ans - A qualitative estimate of the certainty with which
the outcome of a specific event can be predicted.
Consequences Right Ans - "The effects, positive or negative, of an
occurrence."
Time horizon Right Ans - Estimated duration.
Correlation Right Ans - A relationship between variables.
Pure risk Right Ans - "A chance of loss or no loss, but no chance of gain."
Speculative risk Right Ans - "A chance of loss, no loss, or gain."
Credit risk Right Ans - The risk that customers or other creditors will fail to
make promised payments as they come due.
Subjective risk Right Ans - The perceived amount of risk based on an
individual's or organization's opinion.
Objective risk Right Ans - The measurable variation in uncertain outcomes
based on facts and data.
Diversifiable risk Right Ans - "A risk that affects only some individuals,
businesses, or small groups."
Systemic risk Right Ans - The potential for a major disruption in the
function of an entire market or financial system.
Market risk Right Ans - Uncertainty about an investment's future value
because of potential changes in the market for that type of investment.
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