Package deal
CPHRM Exam Questions and Correct Answers
CPHRM Exam Questions and Correct Answers
[Show more]CPHRM Exam Questions and Correct Answers
[Show more]What is ERM? 
Ans: Promotes a comprehensive framework for making RM decisionswhich 
maximize value protection and creation by managing risk and uncertainty and their 
connections to total value. 
What is the ultimate goal o of ERM? 
Ans: To optimize risk financing and Mitigation strategies. 
For a...
Preview 4 out of 55 pages
Add to cartWhat is ERM? 
Ans: Promotes a comprehensive framework for making RM decisionswhich 
maximize value protection and creation by managing risk and uncertainty and their 
connections to total value. 
What is the ultimate goal o of ERM? 
Ans: To optimize risk financing and Mitigation strategies. 
For a...
Actuary 
Ans: a person who uses statistics to compute loss probabilities to establish 
premiums for insurance companies and self-insurance trusts. 
Advance directive 
Ans: lawful written instruction that describes an individual's preferences for 
health care should he or she become unable to expr...
Preview 3 out of 27 pages
Add to cartActuary 
Ans: a person who uses statistics to compute loss probabilities to establish 
premiums for insurance companies and self-insurance trusts. 
Advance directive 
Ans: lawful written instruction that describes an individual's preferences for 
health care should he or she become unable to expr...
Risk Avoidance 
Ans: The practice of coming up with alternatives so that the risk in question is not 
realized., only risk treatment that reduces probablity to zero 
Risk Transfer 
Ans: Shifting the impact of a risk to a third party together with ownership of the 
response., but not the ultimate l...
Preview 2 out of 13 pages
Add to cartRisk Avoidance 
Ans: The practice of coming up with alternatives so that the risk in question is not 
realized., only risk treatment that reduces probablity to zero 
Risk Transfer 
Ans: Shifting the impact of a risk to a third party together with ownership of the 
response., but not the ultimate l...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
No, you only buy these notes for $18.98. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now