AIDA 182 UPDATED Actual Exam Questions and CORRECT Answers
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AIDA 182 UPDATED Actual Exam
Questions and CORRECT Answers
Risk quadrants are different from risk classifications. Risk quadrants focus on what? -
CORRECT ANSWER- The source of the risk itself and what part of the organization has
managed it in the past.
An enterprise risk management approac...
AIDA 182 UPDATED Actual Exam
Questions and CORRECT Answers
Risk quadrants are different from risk classifications. Risk quadrants focus on what? -
CORRECT ANSWER- ✔✔The source of the risk itself and what part of the organization has
managed it in the past.
An enterprise risk management approach is categorizing risks into quadrants. What are
hazard risks? - CORRECT ANSWER- ✔✔Normally managed by risk management
professionals.
What are the four risks in the enterprise risk management model? - CORRECT ANSWER-
✔✔Hazard, operational, financial, and hazard.
What risk quadrant is the change of stocks or bonds values because interest rate changes in? -
CORRECT ANSWER- ✔✔Financial risks.
What is true of pure and speculative risks? - CORRECT ANSWER- ✔✔All businesses
involve speculative risks.
What is true of diversifiable and nondiversifiable risks? - CORRECT ANSWER-
✔✔Systemic risks are nondiversifiable generally.
What is an example of a strategic risk? - CORRECT ANSWER- ✔✔A new computer chip
that could give a company growth.
What is an example of an operational risk? - CORRECT ANSWER- ✔✔The ability of
suppliers to perform.
What is true of subjective and objective risks? - CORRECT ANSWER- ✔✔Subjective risk
can be present where objective risk is not.
What is an example of a speculative risk? - CORRECT ANSWER- ✔✔Investing in stock.
,What is true of diversifiable versus nondiversifiable risk? - CORRECT ANSWER-
✔✔Diversifiable risks are not correlated and can be managed through diversification or
spread of risk.
A company's fleet of cars is worrying the managers liquidity of the company and fuel prices
having an adverse effect is which type of risk quadrant? - CORRECT ANSWER-
✔✔Financial risk.
An employee embezzling funds from a company for not feeling adequately paid is what risk?
- CORRECT ANSWER- ✔✔Both a hazard and an operational risk.
Failing to respond to changing customer demands is an example of what risk? - CORRECT
ANSWER- ✔✔Strategic risk.
The fear of your home being hit by a storm and damaged or destroyed is what risk for you? -
CORRECT ANSWER- ✔✔A subjective risk.
What quadrant of risk is a harmful chemical found in a building with unknown harm to
residents and to the clean up crew part of? - CORRECT ANSWER- ✔✔A hazard risk.
Driving instead of flying because of feeling of safety is an example of what? - CORRECT
ANSWER- ✔✔A subjective risk.
Investing money in a rental property brings what? - CORRECT ANSWER- ✔✔Both
speculative and pure risks. The property values can increase or decrease and the building
could burn down.
Increased competition is an example of what? - CORRECT ANSWER- ✔✔A strategic risk.
Renovating a warehouse, purchasing a new order processing software, added two new
delivery trucks, and purchasing a production machine which also allows for potential for a
new product line, are all projects. Which project is the most speculative? - CORRECT
ANSWER- ✔✔The new production machine.
, What is a true statement on the basic measures applying to risk management? - CORRECT
ANSWER- ✔✔Consequences measure the degree to which an occurrence could positively or
negatively affect an organization.
The law of large numbers states as the number of exposure units increases, what happens? -
CORRECT ANSWER- ✔✔The relative accuracy of predictions about future losses increase.
Which two measures are important in assessing risk and how to manage it? - CORRECT
ANSWER- ✔✔Consequences and likelihood.
What is the measure of the biggest potential loss of an occurrence. - CORRECT ANSWER-
✔✔An exposure.
Giving discounts to everyone in one segment of your book of business or a bank in the same
town as a business it gives loans to including its employees, are both examples of high
correlation. What is true about correlation? - CORRECT ANSWER- ✔✔When two variables
are perfectly positively correlated, one variable increases, and the other will increase in direct
proportion.
Covariance is different from correlation in that correlation represents how strongly variables
are related. Covariance is the measure of correlation. Therefore, covariance is what? -
CORRECT ANSWER- ✔✔The measure of the extent to which variables move together or
independently.
You own common stock of five large clothing brands. What would improve the portfolios risk
the greatest? - CORRECT ANSWER- ✔✔Adding a discount retailer stock, not a smaller
clothing brand.
What is true of correlation analysis? - CORRECT ANSWER- ✔✔Abnormal observations and
inaccurate data may skew the analysis.
Stock A and B are correlated by 0.80 while stock A and C are correlated by 0.10. Which
portfolio would produce the lowest risk? - CORRECT ANSWER- ✔✔Portfolio with stock A
and C.
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