Exam (elaborations)
ARM 401 Vocabulary – Complete Study Guide
- Course
- Institution
ARM 401 Vocabulary – Complete Study Guide
[Show more]
Content preview
ARM 401 Vocabulary – Complete Study GuideRisk threshold Right Ans - The level of risk exposure above which risks are
addressed and below which risks may be accepted.
Sensor Right Ans - A device that responds to a physical stimulus (as heat,
light, sound, pressure, magnetism, or a particular motion) and transmits a
resulting impulse (as for measurement or operating a control).
Radio frequency identification (RFID) Right Ans - uses electronic tags and
labels to identify objects wirelessly over short distances
Artificial intelligence (AI) Right Ans - Simulates human intelligence such as
the ability to reason and learn
Computer vision Right Ans - a technology that simulates human vision.
Risk register Right Ans - A document in which the results of risk analysis
and risk response planning are recorded.
Risk map Right Ans - a grid detailing the potential frequency and severity
of risks faced by the organization
Risk appetite Right Ans - The degree of uncertainty an entity is willing to
take on, in anticipation of a reward.
Inherent risk Right Ans - susceptibility to significant control problems in
the absence of internal control
Residual risk Right Ans - the risk that remains after management
implements internal controls or some other response to risk
Optimum risk Right Ans - The level of risk that is within an organization's
risk appetite
Risk control Right Ans - A conscious act or decision not to act that reduces
the frequency and/or severity of losses or makes losses more predictable.
, Energy transfer theory Right Ans - An approach to accident causation that
views accidents as energy that is released and that affects objects, including
living things, in amounts or at rates that the objects cannot tolerate.
Technique of operations review (TOR) Right Ans - An approach to accident
causation that views the cause of accidents to be a result of management's
shortcomings.
Change analysis Right Ans - An analysis that projects the effects a given
system change is likely to have on an existing system.
Job safety analysis (JSA) Right Ans - An analysis that dissects a repetitive
task, whether performed by a person or machine, to determine potential
hazards if each action is not performed.
System safety Right Ans - A safety engineering technique also used as an
approach to accident causation that considers the mutual effects of the
interrelated elements of a system on one another throughout the system's life
cycle.
Conceptual phase Right Ans - A phase in the life of a system when the basic
purpose and preliminary design of the system are formulated.
Engineering phase Right Ans - A phase in the life of a system when the
system's design is constructed and prototypes are tested.
Production phase Right Ans - A phase in the life of a system when the
actual system is created.
Operational phase Right Ans - A phase in the life of a system when the
system is implemented
Disposal phase Right Ans - A phase in the life of a system when the system
reaches the end of its useful life and is disposed of.
Causal factors Right Ans - Factors that increase risk for an event.
Failure mode and effects analysis (FMEA) Right Ans - a systematic
approach to analyzing the causes and effects of product failures; An analysis
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now