100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ARM54 Test with Complete Solutions $13.99   Add to cart

Exam (elaborations)

ARM54 Test with Complete Solutions

 3 views  0 purchase
  • Course
  • Arm 54
  • Institution
  • Arm 54

ARM54 Test with Complete Solutions

Preview 3 out of 29  pages

  • October 14, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Arm 54
  • Arm 54
avatar-seller
TheeGrades
ARM54 Test with Complete Solutions

Put option Correct Ans-An option giving the holder the right to sell a set amount of the
underlying security at any time within a specified period




Price Risk Correct Ans-The potential for a change in revenue or cost because of an increase
or a decrease in the price of a product or an input




Earnings at risk Correct Ans-The maximum expected loss of earning within a specific
degree of confidence




Conditional Value at risk Correct Ans-A model to determine the likelihood of a loss given
that the loss is greater than or equal to the Value at Risk




Monte Carlo Simulation Correct Ans-A computerized statistical model that simulates the
effects of various types of uncertainty




Capital Correct Ans-The accumulated assets of a business or an owner's equity in a
business




Equity capital Correct Ans-Preferred stock, surplus, common stock, undivided profits and
capital reserves, and net unrealized holding gains (or losses) on securities that are not
available for sale

, ARM54 Test with Complete Solutions
Leverage Correct Ans-The practice of using borrowed money to invest




Generally accepted accounting principles Correct Ans-A common set of accounting
standards and procedures used in the preparation of financial statements to ensure
consistency of presentation and reported results




Statutory accounting principles Correct Ans-The accounting principles and practices that
are prescribed or permitted by an insurer's domiciliary state and that insurers must follow




Market value surplus Correct Ans-The fair value of assets minus the fair value of liabilities




Tariff Correct Ans-A tax that shields domestic producers from foreign competition




Demographics Correct Ans-The statistical characteristics of human populations




Political risk Correct Ans-Any action by a government that favors domestic over foreign
organizations or poses a threat to foreign organizations




Risk owner Correct Ans-An individual accountable for the identification, assessment,
treatment, and monitoring of risks in a specific environment




Key performance indicator Correct Ans-Financial or nonfinancial measurement that
defines how successfully an organization is progressing toward its long-term goals

, ARM54 Test with Complete Solutions

Key risk indicator Correct Ans-A tool used by an organization to measure the uncertainty of
meeting a strategic business objective




P-D-C-A Cycle Correct Ans-The P-D-C-A Cycle, also known as the Shewhart cycle and the
Deming cycle, is an expansion of an approach to process improvement. The steps include
Plan, Do, Check, and Act




Enterprise-Wide Risk Management Process Correct Ans-Address risks with both positive
and negative potential effects on an organization




Risk control Correct Ans-A conscious act or decision not to act that reduces the frequency
and/or severity of losses or makes losses more predictable




Risk financing techniques Correct Ans-Risk management techniques, such as retention or
transfer, that generate funds to finance losses that risk control techniques cannot entirely
prevent or reduce




The Delphi Technique Correct Ans-Uses the opinions of a select group of experts to identify
risks that respond to a survey or inquiry.




Facilitated Workshop Correct Ans-When risk management professionals meet with the
organization's leaders, key employees, and other stakeholders, and have a group discussion
that identifies risks in a dynamic way

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart