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CPHRM Exam Questions and Correct Answers

CPHRM Exam Questions and Correct Answers

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CPHRM Exam Questions and Correct Answers

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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...

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CPHRM Exam Questions and Correct Answers

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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...

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CPHRM Exam Questions and Correct Answers

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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...

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